Enerflex Ltd. $EFXT Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 43.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 165,373 shares of the company’s stock after acquiring an additional 50,193 shares during the period. Public Employees Retirement System of Ohio owned about 0.13% of Enerflex worth $1,303,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Enerflex by 42.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock worth $48,555,000 after acquiring an additional 1,863,470 shares during the period. Mackenzie Financial Corp raised its position in Enerflex by 8.6% during the first quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company’s stock worth $38,459,000 after acquiring an additional 394,496 shares during the period. Goldman Sachs Group Inc. raised its position in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares during the period. TD Asset Management Inc raised its position in Enerflex by 59.8% during the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock worth $14,618,000 after acquiring an additional 708,153 shares during the period. Finally, Acadian Asset Management LLC raised its position in Enerflex by 61.7% during the first quarter. Acadian Asset Management LLC now owns 1,606,125 shares of the company’s stock worth $12,395,000 after acquiring an additional 612,549 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a report on Saturday, September 27th. Royal Bank Of Canada upped their target price on shares of Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.13.

Enerflex Trading Up 2.7%

NYSE EFXT opened at $11.28 on Friday. The firm’s 50-day moving average is $9.87 and its two-hundred day moving average is $8.23. Enerflex Ltd. has a 12 month low of $6.18 and a 12 month high of $11.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a market capitalization of $1.38 billion, a P/E ratio of 10.84 and a beta of 2.01.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, August 7th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The company had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $555.24 million. On average, sell-side analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.0375 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 18th. Enerflex’s dividend payout ratio is currently 10.58%.

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.