O Shaughnessy Asset Management LLC Sells 166,604 Shares of Enerflex Ltd. $EFXT

O Shaughnessy Asset Management LLC decreased its position in shares of Enerflex Ltd. (NYSE:EFXT) by 10.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,431,707 shares of the company’s stock after selling 166,604 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Enerflex were worth $22,080,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in EFXT. JPMorgan Chase & Co. grew its position in shares of Enerflex by 22.3% in the fourth quarter. JPMorgan Chase & Co. now owns 439,652 shares of the company’s stock valued at $6,784,000 after purchasing an additional 80,218 shares in the last quarter. Spark Investment Management LLC purchased a new stake in Enerflex during the 4th quarter worth about $925,000. Fiera Capital Corp boosted its stake in Enerflex by 2,060.8% in the 4th quarter. Fiera Capital Corp now owns 536,529 shares of the company’s stock worth $8,274,000 after purchasing an additional 511,699 shares during the period. Tacita Capital Inc purchased a new position in Enerflex during the 4th quarter valued at about $792,000. Finally, State of Wyoming grew its holdings in Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after buying an additional 2,319 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Trading Up 2.8%

NYSE EFXT opened at $24.83 on Tuesday. Enerflex Ltd. has a 1-year low of $7.54 and a 1-year high of $29.15. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $24.71 and a 200-day moving average of $20.02. The firm has a market cap of $3.03 billion, a PE ratio of 37.07 and a beta of 1.83.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, sell-side analysts forecast that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s payout ratio is presently 19.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $28.00 target price on shares of Enerflex in a report on Friday, May 8th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada upped their price target on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average price target of $35.33.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.