Ritholtz Wealth Management Purchases 32,777 Shares of Enerflex Ltd. $EFXT

Ritholtz Wealth Management raised its stake in Enerflex Ltd. (NYSE:EFXT) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,111 shares of the company’s stock after acquiring an additional 32,777 shares during the quarter. Ritholtz Wealth Management’s holdings in Enerflex were worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in shares of Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock worth $16,312,000 after buying an additional 466,535 shares in the last quarter. NewGen Equity Long Short Fund purchased a new stake in shares of Enerflex in the 2nd quarter valued at $5,628,000. Allianz Asset Management GmbH bought a new stake in shares of Enerflex in the 2nd quarter valued at about $1,718,000. Public Employees Retirement System of Ohio grew its holdings in shares of Enerflex by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock worth $1,303,000 after purchasing an additional 50,193 shares during the last quarter. Finally, Timelo Investment Management Inc. purchased a new stake in shares of Enerflex during the second quarter worth about $2,041,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Down 0.5%

EFXT opened at $16.20 on Friday. Enerflex Ltd. has a twelve month low of $6.18 and a twelve month high of $16.73. The firm has a 50 day moving average price of $14.71 and a 200-day moving average price of $11.68. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.72 and a beta of 1.96.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. Equities research analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.0425 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, November 17th. Enerflex’s payout ratio is 10.91%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Enerflex in a report on Thursday. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.63.

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.