UBS Group AG Has $7.39 Million Position in Enerflex Ltd. $EFXT

UBS Group AG cut its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 25.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 478,826 shares of the company’s stock after selling 167,538 shares during the period. UBS Group AG’s holdings in Enerflex were worth $7,388,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EFXT. U S Global Investors Inc. purchased a new stake in Enerflex in the 4th quarter worth approximately $262,000. TD Waterhouse Canada Inc. grew its holdings in shares of Enerflex by 30.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 34,182 shares of the company’s stock valued at $525,000 after acquiring an additional 7,884 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enerflex by 38.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,996 shares of the company’s stock worth $834,000 after acquiring an additional 14,900 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Enerflex by 13.5% in the fourth quarter. Ritholtz Wealth Management now owns 242,985 shares of the company’s stock worth $3,749,000 after acquiring an additional 28,874 shares during the last quarter. Finally, Baron Wealth Management LLC raised its holdings in shares of Enerflex by 64.2% during the fourth quarter. Baron Wealth Management LLC now owns 27,668 shares of the company’s stock worth $427,000 after acquiring an additional 10,815 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Up 0.8%

EFXT stock opened at $28.10 on Tuesday. The firm has a market cap of $3.43 billion, a PE ratio of 41.93 and a beta of 1.93. Enerflex Ltd. has a 1 year low of $6.74 and a 1 year high of $29.15. The company has a fifty day simple moving average of $23.27 and a 200 day simple moving average of $18.63. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $607.26 million. Sell-side analysts anticipate that Enerflex Ltd. will post 1.68 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. Enerflex’s dividend payout ratio is currently 17.91%.

Wall Street Analyst Weigh In

EFXT has been the subject of a number of research reports. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their price target on Enerflex from $26.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. One investment 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’s stock. Based on data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

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.