K.J. Harrison & Partners Inc Has $1 Million Stock Position in Enerflex Ltd. $EFXT

K.J. Harrison & Partners Inc lowered its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 58.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in Enerflex during the fourth quarter worth $31,000. Plato Investment Management Ltd lifted its stake in Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after acquiring an additional 3,730 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Enerflex in the fourth quarter valued at $119,000. Gunderson Capital Management LLC bought a new position in shares of Enerflex in the 1st quarter valued at about $203,000. Finally, Shelton Capital Management bought a new position in shares of Enerflex in the 3rd quarter valued at about $136,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of EFXT stock opened at $23.11 on Friday. Enerflex Ltd. has a 52 week low of $7.59 and a 52 week high of $29.15. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 34.50 and a beta of 1.83. The company has a 50-day simple moving average of $25.66 and a 200 day simple moving average of $21.31. 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 issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) 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 firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. On average, sell-side analysts predict that Enerflex Ltd. will post 1.66 earnings per share for the current year.

Enerflex Dividend Announcement

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. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is presently 19.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EFXT. Royal Bank Of Canada upped their target price on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Raymond James Financial boosted 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. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.33.

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.