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

O Shaughnessy Asset Management LLC cut its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,431,707 shares of the company’s stock after selling 166,604 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 1.18% of Enerflex worth $22,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EFXT. Connor Clark & Lunn Investment Management Ltd. raised its stake in Enerflex by 0.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,735,102 shares of the company’s stock worth $61,841,000 after buying an additional 36,477 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after acquiring an additional 3,824,093 shares during the last quarter. Mackenzie Financial Corp boosted its position in Enerflex by 1.6% during the third quarter. Mackenzie Financial Corp now owns 4,692,293 shares of the company’s stock valued at $50,597,000 after acquiring an additional 75,652 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Enerflex by 51.9% during the 1st 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 period. Finally, TD Asset Management Inc raised its position 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 in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Up 2.8%

EFXT stock 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 stock has a market cap of $3.03 billion, a P/E ratio of 37.07 and a beta of 1.83. The stock’s fifty day simple moving average is $24.71 and its two-hundred day simple moving average is $20.02. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $584.00 million for the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Analysts expect that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on EFXT shares. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $28.00 target price on shares of Enerflex in a research report on Friday, May 8th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial increased their price target on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.