PDT Partners LLC Acquires Shares of 36,452 Enerflex Ltd. $EFXT

PDT Partners LLC bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,452 shares of the company’s stock, valued at approximately $893,000.

Several other institutional investors have also modified their holdings of EFXT. Legal & General Group Plc purchased a new position in Enerflex in the second quarter valued at about $3,644,000. The Manufacturers Life Insurance Company purchased a new stake in Enerflex during the 2nd quarter worth approximately $12,082,000. Cibc World Market Inc. purchased a new stake in Enerflex during the 2nd quarter worth approximately $15,851,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enerflex in the 2nd quarter valued at approximately $330,515,000. Finally, Bank of Nova Scotia acquired a new position in shares of Enerflex in the 2nd quarter valued at approximately $870,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

Enerflex stock opened at $20.82 on Friday. The company has a market cap of $2.54 billion, a PE ratio of 48.42 and a beta of 1.86. The company has a fifty day moving average price of $22.62 and a two-hundred day moving average price of $22.98. 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 12 month low of $9.78 and a 12 month high of $29.15.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Research analysts expect that Enerflex Ltd. will post 1.34 earnings per share for the current year.

Enerflex Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on EFXT. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.17.

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.