36,452 Shares in Enerflex Ltd. $EFXT Acquired by PDT Partners LLC

PDT Partners LLC acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the second quarter, Holdings Channel reports. The fund acquired 36,452 shares of the company’s stock, valued at approximately $893,000.

A number of other institutional investors have also recently added to or reduced their stakes in EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enerflex in the second quarter valued at $330,515,000. Mackenzie Financial Corp grew its position in shares of Enerflex by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after acquiring an additional 186,649 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Enerflex by 11.8% in the 4th quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock worth $26,761,000 after acquiring an additional 182,578 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

Shares of NYSE EFXT opened at $20.82 on Friday. The stock has a market cap of $2.54 billion, a P/E ratio of 48.42 and a beta of 1.86. The firm’s 50-day simple moving average is $22.62 and its 200 day simple moving average is $22.98. Enerflex Ltd. has a fifty-two week low of $9.78 and a fifty-two week high of $29.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Equities analysts expect that Enerflex Ltd. will post 1.34 EPS for the current year.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Enerflex’s dividend payout ratio is currently 27.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce set a $27.50 target price on shares of Enerflex in a research note on Monday, August 10th. Raymond James Financial raised their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.17.

Enerflex 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.