Spark Investment Management LLC Makes New $925,000 Investment in Enerflex Ltd. $EFXT

Spark Investment Management LLC bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 60,000 shares of the company’s stock, valued at approximately $925,000. Enerflex makes up approximately 2.3% of Spark Investment Management LLC’s portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in Enerflex by 0.7% during the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after acquiring an additional 1,035 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of Enerflex by 9.6% in the fourth quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company’s stock valued at $196,000 after purchasing an additional 1,110 shares in the last quarter. State of Wyoming lifted its holdings in shares of Enerflex by 11.4% in the fourth quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after purchasing an additional 2,319 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Enerflex by 2.5% in the second quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock valued at $797,000 after purchasing an additional 2,468 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in shares of Enerflex by 19.0% in the third quarter. Scotia Capital Inc. now owns 16,503 shares of the company’s stock valued at $176,000 after purchasing an additional 2,633 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

NYSE:EFXT opened at $24.14 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. The stock’s 50-day simple moving average is $24.64 and its 200 day simple moving average is $19.94. The company has a market cap of $2.95 billion, a P/E ratio of 36.02 and a beta of 1.83. Enerflex Ltd. has a 52-week low of $7.45 and a 52-week high of $29.15.

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

Enerflex Announces Dividend

The business also recently announced 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 dividend yield of 0.7%. Enerflex’s payout ratio is currently 19.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EFXT shares. TD Securities restated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.