Virtus Advisers LLC Takes $693,000 Position in Enerflex Ltd. $EFXT

Virtus Advisers LLC acquired a new stake in Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,293 shares of the company’s stock, valued at approximately $693,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in Enerflex by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock valued at $76,327,000 after buying an additional 186,649 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Enerflex by 11.8% in the 4th quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock worth $26,761,000 after acquiring an additional 182,578 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Enerflex by 51.4% in the 1st quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after acquiring an additional 438,920 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EFXT. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Raymond James Financial lifted their price target on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, TD Securities reiterated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and an average price target of $35.17.

Enerflex Trading Down 2.4%

Shares of Enerflex stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex Ltd. has a 1 year low of $9.48 and a 1 year high of $29.15. The company has a market capitalization of $2.45 billion, a P/E ratio of 46.70 and a beta of 1.86. The business has a 50 day moving average price of $23.00 and a 200 day moving average price of $22.90.

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). The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Sell-side analysts anticipate that Enerflex Ltd. will post 1.34 EPS for the current fiscal year.

Enerflex Dividend Announcement

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

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.