Enerflex Ltd. $EFXT Shares Purchased by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 2,060.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 536,529 shares of the company’s stock after purchasing an additional 511,699 shares during the quarter. Fiera Capital Corp’s holdings in Enerflex were worth $8,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EFXT. Hillsdale Investment Management Inc. lifted its holdings in shares of Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after purchasing an additional 3,824,093 shares during the period. Millennium Management LLC lifted its holdings in Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares during the period. Man Group plc lifted its holdings in Enerflex by 433.7% in the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after acquiring an additional 869,156 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Enerflex by 31.8% in the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after acquiring an additional 518,639 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets reissued 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. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $28.00 target price on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada raised their target price on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, TD Securities restated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Stock Performance

NYSE EFXT opened at $24.70 on Wednesday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 36.86 and a beta of 1.83. Enerflex Ltd. has a 1-year low of $7.54 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The business’s 50-day simple moving average is $24.77 and its 200-day simple moving average is $20.10.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. Equities analysts predict that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.7%. Enerflex’s payout ratio is 19.40%.

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.