Cibc World Market Inc. Purchases Shares of 645,992 Enerflex Ltd. $EFXT

Cibc World Market Inc. purchased a new position in Enerflex Ltd. (NYSE:EFXT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 645,992 shares of the company’s stock, valued at approximately $15,851,000.

A number of other hedge funds also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex in the 2nd quarter worth approximately $330,515,000. Millennium Management LLC increased its stake in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares in the last quarter. Man Group plc raised its holdings in Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after acquiring an additional 869,156 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Enerflex by 31.8% during the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Enerflex Trading Down 3.0%

Shares of EFXT opened at $19.72 on Tuesday. The company’s fifty day moving average is $22.84 and its 200 day moving average is $22.92. Enerflex Ltd. has a fifty-two week low of $9.64 and a fifty-two week high of $29.15. The stock has a market capitalization of $2.41 billion, a PE ratio of 45.87 and a beta of 1.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19.

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

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio is currently 27.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Weiss Ratings cut shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted 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. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.17.

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.