Enerflex Ltd. $EFXT Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Enerflex Ltd. (NYSE:EFXT) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,800 shares of the company’s stock after selling 3,700 shares during the period. Swiss National Bank owned 0.19% of Enerflex worth $1,870,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in shares of Enerflex by 8.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock worth $173,000 after purchasing an additional 1,404 shares during the period. Geode Capital Management LLC raised its holdings in shares of Enerflex by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company’s stock worth $642,000 after purchasing an additional 2,828 shares during the period. Barclays PLC raised its holdings in shares of Enerflex by 20.3% during the fourth quarter. Barclays PLC now owns 31,481 shares of the company’s stock worth $314,000 after purchasing an additional 5,312 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerflex by 21.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock worth $302,000 after purchasing an additional 6,793 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Enerflex during the fourth quarter worth $82,000. Institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on EFXT shares. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. CIBC dropped 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. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Finally, Royal Bank Of Canada upped their price target on shares of Enerflex from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.13.

Enerflex Stock Up 1.3%

Enerflex stock opened at $9.8510 on Friday. The company has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $7.76. The firm has a market capitalization of $1.20 billion, a P/E ratio of 9.47 and a beta of 2.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex Ltd. has a one year low of $5.29 and a one year high of $10.61.

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

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is currently 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.