Enerflex Ltd. $EFXT Shares Sold by Spark Investment Management LLC

Spark Investment Management LLC cut its position in shares of Enerflex Ltd. (NYSE:EFXT) by 92.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,000 shares of the company’s stock after selling 258,000 shares during the quarter. Enerflex makes up 0.5% of Spark Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. Spark Investment Management LLC’s holdings in Enerflex were worth $174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Group LLC boosted its position in Enerflex by 23.1% during the second quarter. Renaissance Group LLC now owns 244,851 shares of the company’s stock worth $1,932,000 after acquiring an additional 45,886 shares during the last quarter. NewGen Equity Long Short Fund acquired a new position in Enerflex in the 2nd quarter valued at $5,628,000. D Orazio & Associates Inc. purchased a new position in shares of Enerflex during the 2nd quarter worth $80,000. Geode Capital Management LLC boosted its holdings in shares of Enerflex by 28.1% during the second quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after purchasing an additional 18,434 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of Enerflex by 104.0% in the second quarter. Jupiter Asset Management Ltd. now owns 92,014 shares of the company’s stock valued at $725,000 after purchasing an additional 46,913 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of NYSE:EFXT opened at $13.05 on Wednesday. The business has a 50-day moving average of $11.71 and a two-hundred day moving average of $9.43. The firm has a market capitalization of $1.59 billion, a PE ratio of 11.86 and a beta of 2.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. Enerflex Ltd. has a 12 month low of $6.18 and a 12 month high of $13.74.

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

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.0425 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.3%. Enerflex’s dividend payout ratio (DPR) is currently 10.91%.

Wall Street Analysts Forecast Growth

EFXT has been the topic of several recent analyst reports. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada increased their price objective on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.13.

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.