Enerflex Ltd. $EFXT Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Enerflex Ltd. (NYSE:EFXT) by 314.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 162,696 shares of the company’s stock after purchasing an additional 123,476 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Enerflex were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada increased their price target on Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Wall Street Zen raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.13.

Enerflex Trading Up 0.4%

Shares of EFXT stock opened at $12.59 on Monday. The stock has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $8.87. Enerflex Ltd. has a fifty-two week low of $6.18 and a fifty-two week high of $12.97. The stock has a market capitalization of $1.54 billion, a P/E ratio of 12.10 and a beta of 2.02. 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 earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.42. Enerflex had a return on equity of 10.21% and a net margin of 5.54%.The business had revenue of $615.00 million during the quarter, compared to analysts’ expectations of $555.24 million. On average, sell-side analysts expect that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.0375 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. 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.