Deutsche Bank AG Trims Stake in Enerflex Ltd. (NYSE:EFXT)

Deutsche Bank AG lessened its stake in Enerflex Ltd. (NYSE:EFXT) by 36.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,679 shares of the company’s stock after selling 6,033 shares during the period. Deutsche Bank AG’s holdings in Enerflex were worth $106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Enerflex by 8.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock valued at $173,000 after buying an additional 1,404 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Enerflex by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 63,885 shares of the company’s stock valued at $642,000 after purchasing an additional 2,828 shares in the last quarter. Bank of Nova Scotia increased its holdings in Enerflex by 4.9% in the 4th quarter. Bank of Nova Scotia now owns 90,717 shares of the company’s stock worth $903,000 after acquiring an additional 4,258 shares in the last quarter. Barclays PLC increased its holdings in Enerflex by 20.3% in the 4th quarter. Barclays PLC now owns 31,481 shares of the company’s stock worth $314,000 after acquiring an additional 5,312 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Enerflex by 54.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company’s stock worth $250,000 after acquiring an additional 8,870 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Up 4.5%

EFXT stock opened at $7.50 on Wednesday. The company’s 50 day moving average price is $6.92 and its 200 day moving average price is $8.35. 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. The firm has a market capitalization of $931.62 million, a price-to-earnings ratio of -11.91 and a beta of 2.02.

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

Enerflex Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 1.51%. Enerflex’s dividend payout ratio (DPR) is presently 16.95%.

Analyst Upgrades and Downgrades

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

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.