Caldwell Investment Management Ltd. Invests $6.44 Million in Enerflex Ltd. $EFXT

Caldwell Investment Management Ltd. bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, HoldingsChannel reports. The fund bought 411,000 shares of the company’s stock, valued at approximately $6,438,000. Enerflex comprises approximately 3.9% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Enerflex by 0.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,735,102 shares of the company’s stock worth $61,841,000 after acquiring an additional 36,477 shares in the last quarter. Hillsdale Investment Management Inc. increased its position 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 acquiring an additional 3,824,093 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Enerflex by 1.6% during the third quarter. Mackenzie Financial Corp now owns 4,692,293 shares of the company’s stock worth $50,597,000 after acquiring an additional 75,652 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of Enerflex by 31.8% during the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EFXT has been the subject of several recent research reports. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada boosted their target price on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial boosted their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Stock Down 0.6%

Enerflex stock opened at $24.70 on Wednesday. Enerflex Ltd. has a fifty-two week low of $7.54 and a fifty-two week high of $29.15. The stock has a market cap of $3.01 billion, a PE ratio of 36.86 and a beta of 1.83. The firm’s 50-day simple moving average is $24.77 and its 200 day simple moving average is $20.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20.

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

Enerflex Announces Dividend

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

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.