Hillsdale Investment Management Inc. Has $80.13 Million Position in Enerflex Ltd. $EFXT

Hillsdale Investment Management Inc. lowered its position in Enerflex Ltd. (NYSE:EFXT) by 18.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,831,659 shares of the company’s stock after selling 854,595 shares during the quarter. Enerflex makes up approximately 2.2% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 5th biggest position. Hillsdale Investment Management Inc.’s holdings in Enerflex were worth $80,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EFXT. Smartleaf Asset Management LLC purchased a new position in shares of Enerflex during the fourth quarter worth approximately $31,000. Plato Investment Management Ltd boosted its stake in shares of Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Enerflex during the 4th quarter valued at $119,000. Gunderson Capital Management LLC bought a new position in shares of Enerflex during the 1st quarter valued at $203,000. Finally, Shelton Capital Management purchased a new position in Enerflex in the 3rd quarter worth $136,000. 46.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Raymond James Financial lifted their price objective on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Enerflex Stock Down 0.1%

Shares of NYSE EFXT opened at $23.83 on Tuesday. The firm’s fifty day moving average is $25.40 and its 200 day moving average is $21.70. Enerflex Ltd. has a 52 week low of $7.59 and a 52 week high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 35.57 and a beta of 1.83.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. On average, equities research analysts expect that Enerflex Ltd. will post 1.63 earnings per share for the current year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 19.40%.

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.