Bank of Montreal Can Sells 1,634,299 Shares of Enerflex Ltd. $EFXT

Bank of Montreal Can lowered its position in Enerflex Ltd. (NYSE:EFXT) by 58.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,159,687 shares of the company’s stock after selling 1,634,299 shares during the period. Bank of Montreal Can’s holdings in Enerflex were worth $9,161,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EFXT. Baron Wealth Management LLC grew its position in Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock worth $120,000 after purchasing an additional 3,666 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Enerflex during the 1st quarter worth approximately $130,000. NewEdge Advisors LLC boosted its stake in shares of Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after buying an additional 20,689 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Enerflex in the first quarter valued at approximately $192,000. Finally, Trexquant Investment LP purchased a new stake in shares of Enerflex during the first quarter valued at approximately $235,000. 46.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on EFXT shares. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average price target of $13.13.

Enerflex Trading Up 0.3%

NYSE:EFXT opened at $13.41 on Monday. Enerflex Ltd. has a 1 year low of $6.18 and a 1 year high of $13.74. The stock’s fifty day moving average price is $11.27 and its two-hundred day moving average price is $9.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The company has a market cap of $1.64 billion, a P/E ratio of 12.19 and a beta of 2.02.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. As a group, analysts expect that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.3%. Enerflex’s payout ratio is currently 10.00%.

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.