Lazard Asset Management LLC Takes $82,000 Position in Enerflex Ltd. (NYSE:EFXT)

Lazard Asset Management LLC acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,285 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. lifted its stake in Enerflex by 3,307.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company’s stock worth $48,685,000 after purchasing an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enerflex in the 4th quarter valued at $43,935,000. Arrowstreet Capital Limited Partnership acquired a new position in Enerflex during the 4th quarter worth about $5,871,000. National Bank of Canada FI purchased a new position in Enerflex during the 4th quarter valued at about $4,495,000. Finally, EAM Global Investors LLC purchased a new position in Enerflex during the 4th quarter valued at about $3,785,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Up 3.0%

Enerflex stock opened at $7.06 on Monday. The stock has a 50-day simple moving average of $6.99 and a 200-day simple moving average of $8.38. The company has a market capitalization of $875.88 million, a P/E ratio of -11.20 and a beta of 2.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex Ltd. has a fifty-two week low of $4.60 and a fifty-two week high of $10.61.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $552.00 million during the quarter, compared to analysts’ expectations of $583.59 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. Equities research analysts expect that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 22nd will be given a $0.0375 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 1.51%. Enerflex’s dividend payout ratio (DPR) is 16.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CIBC reduced their target price on shares of Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a report on Friday, May 9th. Royal Bank of Canada cut their price target on Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th.

Enerflex 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.