Versor Investments LP Makes New Investment in Enerflex Ltd. $EFXT

Versor Investments LP bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,800 shares of the company’s stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EFXT. Millennium Management LLC raised its stake in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the period. NewEdge Advisors LLC raised its stake in Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after acquiring an additional 20,689 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 during the period. Geode Capital Management LLC raised its stake in Enerflex by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after acquiring an additional 18,434 shares during the period. Finally, Legal & General Group Plc raised its stake in Enerflex by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock worth $1,223,000 after acquiring an additional 11,920 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Up 1.0%

Shares of EFXT opened at $27.65 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. Enerflex Ltd. has a 1 year low of $6.74 and a 1 year high of $29.15. The company has a 50 day simple moving average of $23.04 and a two-hundred day simple moving average of $18.42. The firm has a market cap of $3.38 billion, a P/E ratio of 41.27 and a beta of 1.93.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data 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. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The business had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. On average, equities analysts expect that Enerflex Ltd. will post 1.68 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a $0.0425 dividend. 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 (DPR) is 17.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EFXT shares. Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Finally, National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.