National Bank of Canada FI Reduces Position in Enerflex Ltd. (NYSE:EFXT)

National Bank of Canada FI lessened its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446,576 shares of the company’s stock after selling 4,462 shares during the period. National Bank of Canada FI owned approximately 0.36% of Enerflex worth $3,353,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Enerflex by 28.0% in the 4th quarter. JPMorgan Chase & Co. now owns 99,550 shares of the company’s stock valued at $991,000 after acquiring an additional 21,801 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Enerflex by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 63,885 shares of the company’s stock valued at $642,000 after acquiring an additional 2,828 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Enerflex by 12.5% in the 4th quarter. Renaissance Technologies LLC now owns 119,300 shares of the company’s stock valued at $1,187,000 after acquiring an additional 13,291 shares during the last quarter. Barclays PLC boosted its holdings in shares of Enerflex by 20.3% in the 4th quarter. Barclays PLC now owns 31,481 shares of the company’s stock valued at $314,000 after acquiring an additional 5,312 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Enerflex during the fourth quarter worth about $299,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $9.57 on Friday. The company’s fifty day moving average price is $8.10 and its 200 day moving average price is $7.77. Enerflex Ltd. has a 1 year low of $5.29 and a 1 year high of $10.61. The company has a market capitalization of $1.17 billion, a PE ratio of 9.20 and a beta of 2.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. The firm had revenue of $615.00 million for the quarter, compared to the consensus estimate of $555.24 million. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. On average, research analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.6%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analyst Weigh In

Several analysts recently commented on EFXT shares. CIBC dropped their target price on Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a report on Friday, May 9th. Royal Bank Of Canada raised their target price on Enerflex from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $11.13.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.