Charles Schwab Investment Management Inc. Has $2.15 Million Holdings in Enerflex Ltd. $EFXT

Charles Schwab Investment Management Inc. lessened its holdings in Enerflex Ltd. (NYSE:EFXT) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 278,577 shares of the company’s stock after selling 43,743 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.22% of Enerflex worth $2,152,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EFXT. Lazard Asset Management LLC acquired a new position in Enerflex in the fourth quarter valued at about $82,000. Bank of New York Mellon Corp bought a new position in Enerflex in the 1st quarter valued at about $130,000. Toronto Dominion Bank acquired a new position in shares of Enerflex in the 4th quarter valued at approximately $208,000. Barclays PLC lifted its holdings in shares of Enerflex by 20.3% during 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enerflex by 21.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock worth $302,000 after acquiring an additional 6,793 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EFXT. Wall Street Zen raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. CIBC dropped their price objective on Enerflex from $10.00 to $9.25 and set a “neutral” rating for the company in a research report on Friday, May 9th. Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Royal Bank Of Canada increased their target price on shares of Enerflex from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and an average price target of $11.13.

Enerflex Trading Up 0.1%

Shares of NYSE EFXT opened at $10.08 on Friday. 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 52-week low of $5.29 and a 52-week high of $10.61. The firm has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $7.78. The stock has a market cap of $1.23 billion, a P/E ratio of 9.70 and a beta of 2.00.

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

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.0375 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase 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.