Man Group plc Acquires Shares of 143,646 Enerflex Ltd. $EFXT

Man Group plc purchased a new position in Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 143,646 shares of the company’s stock, valued at approximately $3,526,000.

A number of other large investors also recently added to or reduced their stakes in EFXT. PDT Partners LLC purchased a new stake in shares of Enerflex during the second quarter worth approximately $893,000. Legal & General Group Plc purchased a new position in Enerflex in the 2nd quarter valued at $3,644,000. The Manufacturers Life Insurance Company purchased a new position in Enerflex in the 2nd quarter valued at $12,082,000. Cibc World Market Inc. acquired a new stake in Enerflex during the 2nd quarter worth $15,851,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enerflex during the second quarter worth $330,515,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Price Performance

Enerflex stock opened at $20.37 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 47.37 and a beta of 1.86. The company’s 50 day simple moving average is $22.42 and its 200-day simple moving average is $23.00. Enerflex Ltd. has a 1 year low of $9.81 and a 1 year high of $29.15.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The firm had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. As a group, equities research analysts expect that Enerflex Ltd. will post 1.34 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio (DPR) is presently 27.91%.

Wall Street Analysts Forecast Growth

EFXT has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a report on Monday, August 10th. TD Securities restated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Raymond James Financial lifted their price objective on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

About Enerflex

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.