K.J. Harrison & Partners Inc Takes $1.18 Million Position in Enerflex Ltd. $EFXT

K.J. Harrison & Partners Inc purchased a new position in Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 47,919 shares of the company’s stock, valued at approximately $1,175,000.

A number of other hedge funds have also recently made changes to their positions in EFXT. Financial Management Professionals Inc. bought a new stake in Enerflex during the second quarter valued at about $30,000. Smartleaf Asset Management LLC bought a new position in Enerflex in the fourth quarter worth about $31,000. Plato Investment Management Ltd lifted its position in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after buying an additional 3,730 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Enerflex during the third quarter valued at about $136,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Enerflex in the 3rd quarter valued at about $138,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Trading Up 0.3%

Enerflex stock opened at $22.51 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The stock has a market cap of $2.75 billion, a PE ratio of 52.35 and a beta of 1.86. The stock has a 50-day moving average of $23.20 and a two-hundred day moving average of $22.85. Enerflex Ltd. has a one year low of $9.35 and a one year high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. On average, research analysts anticipate that Enerflex Ltd. will post 1.34 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.0425 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. Enerflex’s dividend payout ratio (DPR) is 30.23%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Raymond James Financial upped their price target on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.17.

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.