Public Employees Retirement System of Ohio Makes New $4.22 Million Investment in Enerflex Ltd. $EFXT

Public Employees Retirement System of Ohio bought a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the second quarter, Holdings Channel reports. The firm bought 171,880 shares of the company’s stock, valued at approximately $4,219,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in shares of Enerflex in the second quarter worth $30,000. Smartleaf Asset Management LLC purchased a new position in Enerflex in the fourth quarter valued at about $31,000. Plato Investment Management Ltd increased its position in Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after purchasing an additional 3,730 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Enerflex during the 3rd quarter worth about $136,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Enerflex during the 3rd quarter worth about $138,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Trading Up 3.7%

Enerflex stock opened at $22.10 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The business’s 50-day simple moving average is $22.22 and its 200-day simple moving average is $23.06. The firm has a market capitalization of $2.70 billion, a PE ratio of 51.40 and a beta of 1.84. Enerflex Ltd. has a 52 week low of $9.81 and a 52 week high of $29.15.

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

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.0425 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s dividend payout ratio (DPR) is currently 27.91%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EFXT. TD Securities reiterated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Zacks Research lowered shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Royal Bank Of Canada upped their price objective on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average price target 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.