K.J. Harrison & Partners Inc Sells 68,000 Shares of Enerflex Ltd. $EFXT

K.J. Harrison & Partners Inc cut its holdings in Enerflex Ltd. (NYSE:EFXT) by 58.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,919 shares of the company’s stock after selling 68,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Enerflex were worth $1,000,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in Enerflex during the fourth quarter worth about $31,000. Plato Investment Management Ltd boosted its holdings in 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 during the period. SG Americas Securities LLC bought a new stake in Enerflex in the 4th quarter valued at about $119,000. Shelton Capital Management acquired a new position in shares of Enerflex during the 3rd quarter worth approximately $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Enerflex during the 3rd quarter worth approximately $138,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Up 0.1%

NYSE EFXT opened at $23.11 on Friday. The business has a fifty day moving average price of $25.66 and a two-hundred day moving average price of $21.31. 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 fifty-two week low of $7.59 and a fifty-two week high of $29.15. The stock has a market capitalization of $2.82 billion, a PE ratio of 34.50 and a beta of 1.83.

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

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.0425 dividend. 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 dividend payout ratio (DPR) is 19.40%.

Analyst Ratings Changes

EFXT has been the topic of several recent research reports. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. One 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’s stock. According to data from MarketBeat.com, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

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.