Enerflex Ltd. $EFXT is PCJ Investment Counsel Ltd.’s 5th Largest Position

PCJ Investment Counsel Ltd. lessened its position in Enerflex Ltd. (NYSE:EFXT) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,167,110 shares of the company’s stock after selling 320,570 shares during the period. Enerflex comprises 3.5% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 5th largest holding. PCJ Investment Counsel Ltd. owned approximately 0.96% of Enerflex worth $12,585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Enerflex by 0.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after acquiring an additional 1,035 shares during the period. D Orazio & Associates Inc. lifted its stake in shares of Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after purchasing an additional 1,497 shares during the period. Baron Wealth Management LLC boosted its holdings in shares of Enerflex by 10.8% during the third quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock worth $182,000 after purchasing an additional 1,638 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Enerflex by 2.5% during the second quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock worth $797,000 after purchasing an additional 2,468 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Enerflex by 11.3% in the third quarter. TD Waterhouse Canada Inc. now owns 26,298 shares of the company’s stock valued at $282,000 after purchasing an additional 2,670 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of Enerflex stock opened at $22.01 on Wednesday. The business’s fifty day moving average price is $18.24 and its 200 day moving average price is $14.50. Enerflex Ltd. has a twelve month low of $6.18 and a twelve month high of $23.82. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.68 billion, a P/E ratio of 43.16 and a beta of 1.84.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Enerflex’s payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a report on Thursday, January 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.63.

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.