Timelo Investment Management Inc. Takes Position in Enerflex Ltd. $EFXT

Timelo Investment Management Inc. purchased a new stake in shares of Enerflex Ltd. (NYSE:EFXT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 258,700 shares of the company’s stock, valued at approximately $2,041,000. Enerflex comprises about 2.7% of Timelo Investment Management Inc.’s portfolio, making the stock its 4th biggest holding. Timelo Investment Management Inc. owned about 0.21% of Enerflex 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. boosted its holdings in shares of Enerflex by 42.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock valued at $48,555,000 after acquiring an additional 1,863,470 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Enerflex by 51.9% during the 1st 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 during the last quarter. TD Asset Management Inc boosted its holdings in shares of Enerflex by 59.8% during the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock valued at $14,618,000 after acquiring an additional 708,153 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Enerflex by 61.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,606,125 shares of the company’s stock valued at $12,395,000 after acquiring an additional 612,549 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

EFXT has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of $12.13.

Enerflex Price Performance

NYSE EFXT opened at $12.61 on Wednesday. Enerflex Ltd. has a 12 month low of $6.18 and a 12 month high of $13.01. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 12.12 and a beta of 2.03. The company’s 50 day moving average is $11.08 and its two-hundred day moving average is $8.96. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65.

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

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 18th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is 10.58%.

Enerflex Company 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.