Enerflex Ltd. $EFXT Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in shares of Enerflex Ltd. (NYSE:EFXT) by 21.0% during the first quarter, Holdings Channel reports. The firm owned 408,015 shares of the company’s stock after buying an additional 70,818 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Enerflex were worth $8,506,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new position in shares of Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd raised its stake in shares of Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after buying an additional 3,730 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enerflex in the 4th quarter worth about $119,000. Shelton Capital Management purchased a new stake in shares of Enerflex in the 3rd quarter worth about $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Enerflex in the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada upped their price target on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $30.00 price objective on shares of Enerflex in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Enerflex Trading Down 1.2%

Shares of EFXT stock opened at $22.48 on Tuesday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 33.55 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $24.60 and a 200 day moving average price of $22.27. Enerflex Ltd. has a twelve month low of $7.59 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Research analysts forecast that Enerflex Ltd. will post 1.63 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 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.