TD Asset Management Inc Purchases 6,862 Shares of Enerflex Ltd. (NYSE:EFXT)

TD Asset Management Inc grew its position in Enerflex Ltd. (NYSE:EFXTFree Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,869 shares of the company’s stock after purchasing an additional 6,862 shares during the period. TD Asset Management Inc owned about 0.38% of Enerflex worth $2,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EFXT. Aigen Investment Management LP lifted its position in shares of Enerflex by 110.3% during the 4th quarter. Aigen Investment Management LP now owns 46,076 shares of the company’s stock worth $213,000 after buying an additional 24,163 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Enerflex during the fourth quarter valued at approximately $2,279,000. Canoe Financial LP lifted its holdings in Enerflex by 105.2% during the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock worth $95,239,000 after acquiring an additional 10,454,383 shares during the period. NewGen Asset Management Ltd boosted its position in Enerflex by 19.1% in the fourth quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock worth $10,210,000 after purchasing an additional 350,000 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its stake in Enerflex by 67.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 207,700 shares of the company’s stock valued at $963,000 after purchasing an additional 83,700 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Trading Up 0.8 %

Shares of EFXT opened at $4.94 on Friday. Enerflex Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $8.36. The business has a 50-day moving average of $5.55 and a 200 day moving average of $5.21. The firm has a market cap of $612.51 million, a P/E ratio of -5.55 and a beta of 2.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.16.

Enerflex (NYSE:EFXTGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.25). The business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $574.35 million. Enerflex had a negative return on equity of 2.47% and a negative net margin of 4.61%. As a group, research analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.018 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.07 annualized dividend and a dividend yield of 1.46%. Enerflex’s dividend payout ratio is currently -7.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EFXT shares. BMO Capital Markets upgraded Enerflex from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Finally, Acumen Capital raised shares of Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st.

View Our Latest Analysis on Enerflex

Enerflex Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enerflex (NYSE:EFXT)

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