Allianz Asset Management GmbH Buys Shares of 218,094 Enerflex Ltd. $EFXT

Allianz Asset Management GmbH bought a new stake in Enerflex Ltd. (NYSE:EFXT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 218,094 shares of the company’s stock, valued at approximately $1,718,000. Allianz Asset Management GmbH owned approximately 0.18% of Enerflex at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EFXT. Baron Wealth Management LLC increased its holdings in Enerflex by 31.7% in the second quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after buying an additional 3,666 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Enerflex in the first quarter valued at about $130,000. NewEdge Advisors LLC increased its holdings in Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares in the last quarter. Magnetar Financial LLC purchased a new position in Enerflex in the first quarter valued at about $192,000. Finally, Trexquant Investment LP purchased a new position in shares of Enerflex during the 1st quarter worth approximately $235,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Up 3.2%

Shares of EFXT opened at $12.45 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 11.97 and a beta of 2.01. The company’s fifty day moving average is $10.66 and its two-hundred day moving average is $8.64. Enerflex Ltd. has a fifty-two week low of $6.18 and a fifty-two week high of $12.46. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.65.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. The company had revenue of $615.00 million for 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%. Analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 18th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Raymond James Financial reissued 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. Royal Bank Of Canada raised their price objective on shares of Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Friday. Finally, Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.13.

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.