Vise Technologies Inc. Purchases New Shares in Enerflex Ltd. $EFXT

Vise Technologies Inc. acquired a new stake in Enerflex Ltd. (NYSE:EFXT) in the second quarter, Holdings Channel reports. The institutional investor acquired 10,730 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also modified their holdings of the company. Jupiter Asset Management Ltd. purchased a new position in shares of Enerflex in the 1st quarter valued at about $348,000. Allianz Asset Management GmbH acquired a new stake in Enerflex in the second quarter valued at approximately $1,718,000. Public Employees Retirement System of Ohio grew its holdings in Enerflex by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after purchasing an additional 50,193 shares during the period. Acadian Asset Management LLC increased its position in shares of Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after buying an additional 466,535 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Enerflex by 131.8% during the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock worth $976,000 after buying an additional 71,815 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Trading Up 1.4%

Shares of Enerflex stock opened at $13.05 on Wednesday. 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 stock’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $9.43. The stock has a market cap of $1.59 billion, a P/E ratio of 11.86 and a beta of 2.03. Enerflex Ltd. has a 1-year low of $6.18 and a 1-year high of $13.74.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS 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 analyst estimates of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. Analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business 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 dividend of $0.0425 per share. The ex-dividend date is Monday, November 17th. This represents a $0.17 annualized dividend and a dividend yield of 1.3%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is presently 10.91%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EFXT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada upped their price target on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and an average price target of $13.13.

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.