51,368 Shares in Enerflex Ltd. $EFXT Bought by Tacita Capital Inc

Tacita Capital Inc bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,368 shares of the company’s stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming grew its stake in shares of Enerflex by 11.4% during the fourth quarter. State of Wyoming now owns 22,679 shares of the company’s stock worth $350,000 after purchasing an additional 2,319 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Enerflex by 31.8% during the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Enerflex by 32.5% during the fourth quarter. Cibc World Market Inc. now owns 660,755 shares of the company’s stock worth $10,189,000 after purchasing an additional 162,037 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Enerflex by 9.5% during the fourth quarter. CIBC Asset Management Inc now owns 115,777 shares of the company’s stock worth $1,786,000 after purchasing an additional 10,014 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Enerflex by 20.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 80,272 shares of the company’s stock worth $1,239,000 after purchasing an additional 13,428 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of EFXT opened at $24.14 on Friday. Enerflex Ltd. has a 1-year low of $7.45 and a 1-year high of $29.15. The stock has a market cap of $2.95 billion, a PE ratio of 36.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a fifty day moving average price of $24.64 and a 200 day moving average price of $19.89.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The firm had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s payout ratio is 19.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EFXT. Raymond James Financial boosted their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $28.00 target price on shares of Enerflex in a research note on Friday, May 8th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.