Enerflex Ltd. $EFXT Stake Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in Enerflex Ltd. (NYSE:EFXT) by 278,359.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 373,135 shares of the company’s stock after purchasing an additional 373,001 shares during the period. Jones Financial Companies Lllp’s holdings in Enerflex were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Enerflex during the fourth quarter worth about $82,000. Bank of New York Mellon Corp acquired a new position in Enerflex during the 1st quarter valued at about $130,000. Toronto Dominion Bank bought a new position in Enerflex in the 4th quarter worth about $208,000. NewEdge Advisors LLC increased its stake in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after purchasing an additional 20,689 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Enerflex during the first quarter valued at approximately $192,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EFXT. Wall Street Zen raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada lifted their price objective on shares of Enerflex from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.13.

Enerflex Stock Up 1.5%

EFXT opened at $10.30 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market capitalization of $1.26 billion, a PE ratio of 9.90 and a beta of 2.01. The stock’s fifty day moving average is $8.89 and its 200-day moving average is $7.84. Enerflex Ltd. has a one year low of $5.29 and a one year high of $10.61.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. Enerflex had a return on equity of 10.21% and a net margin of 5.54%.The firm had revenue of $615.00 million for the quarter, compared to analyst estimates of $555.24 million. On average, equities analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.15 annualized dividend and a dividend yield of 1.5%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is presently 10.58%.

Enerflex Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.