Letko Brosseau & Associates Inc. Has $43.47 Million Stock Position in Enerflex Ltd. $EFXT

Letko Brosseau & Associates Inc. decreased its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 43.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,815,688 shares of the company’s stock after selling 2,158,748 shares during the quarter. Letko Brosseau & Associates Inc. owned about 2.31% of Enerflex worth $43,465,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of Enerflex by 0.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,035 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in shares of Enerflex by 9.6% during the 4th quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company’s stock worth $196,000 after acquiring an additional 1,110 shares during the last quarter. State of Wyoming increased its holdings in shares of Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock worth $350,000 after acquiring an additional 2,319 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Enerflex by 2.5% during the 2nd quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock worth $797,000 after acquiring an additional 2,468 shares during the last quarter. Finally, Scotia Capital Inc. increased its holdings in shares of Enerflex by 19.0% during the 3rd quarter. Scotia Capital Inc. now owns 16,503 shares of the company’s stock worth $176,000 after acquiring an additional 2,633 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analysts Set New Price Targets

EFXT has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. TD Securities reissued a “buy” rating on shares of Enerflex in a report on Friday, May 8th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Finally, Raymond James Financial boosted their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average target price of $35.33.

Enerflex Stock Performance

EFXT opened at $24.70 on Wednesday. The business has a fifty day simple moving average of $24.77 and a 200 day simple moving average of $20.10. The company has a market capitalization of $3.01 billion, a PE ratio of 36.86 and a beta of 1.83. Enerflex Ltd. has a 1 year low of $7.54 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) 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 the consensus estimate of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. Research analysts expect that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Announces Dividend

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

Enerflex Company Profile

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.