Purpose Unlimited Inc. Buys Shares of 457,349 Enerflex Ltd. $EFXT

Purpose Unlimited Inc. purchased 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. The fund purchased 457,349 shares of the company’s stock, valued at approximately $7,051,000. Purpose Unlimited Inc. owned 0.38% of Enerflex as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Enerflex by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock valued at $76,327,000 after purchasing an additional 186,649 shares in the last quarter. NewEdge Advisors LLC grew its position in Enerflex by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock valued at $521,000 after buying an additional 1,033 shares in the last quarter. Toronto Dominion Bank increased its stake in Enerflex by 186.2% during the 4th quarter. Toronto Dominion Bank now owns 309,734 shares of the company’s stock valued at $4,775,000 after buying an additional 201,523 shares during the period. Numerai GP LLC acquired a new position in Enerflex during the 4th quarter valued at about $252,000. Finally, Man Group plc raised its position in shares of Enerflex by 29.7% during the 4th quarter. Man Group plc now owns 1,104,235 shares of the company’s stock worth $17,046,000 after buying an additional 252,958 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

NYSE EFXT opened at $24.11 on Friday. Enerflex Ltd. has a 1 year low of $7.54 and a 1 year high of $29.15. The business’s fifty day moving average is $25.34 and its two-hundred day moving average is $20.63. The stock has a market capitalization of $2.94 billion, a P/E ratio of 35.99 and a beta of 1.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. On average, research analysts forecast that Enerflex Ltd. will post 1.66 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

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 was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is 17.91%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EFXT shares. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Raymond James Financial increased their price target on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Enerflex 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.