Global IMC LLC Invests $4.25 Million in Enerflex Ltd. $EFXT

Global IMC LLC bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 275,365 shares of the company’s stock, valued at approximately $4,251,000. Enerflex comprises approximately 18.2% of Global IMC LLC’s holdings, making the stock its largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Campbell & CO Investment Adviser LLC raised its position in shares of Enerflex by 32.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 150,162 shares of the company’s stock worth $2,317,000 after acquiring an additional 37,046 shares in the last quarter. Bank of Montreal Can raised its position in shares of Enerflex by 11.8% during the 4th quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock worth $26,761,000 after acquiring an additional 182,578 shares in the last quarter. Swiss National Bank grew its stake in Enerflex by 1.4% during the 4th quarter. Swiss National Bank now owns 242,200 shares of the company’s stock worth $3,742,000 after buying an additional 3,300 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Enerflex by 119.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 266,121 shares of the company’s stock worth $4,106,000 after buying an additional 144,901 shares during the last quarter. Finally, Caldwell Investment Management Ltd. purchased a new position in Enerflex during the 4th quarter worth approximately $6,438,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial raised their price target on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. One equities 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’s stock. According to MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Enerflex Trading Down 3.5%

Shares of EFXT stock opened at $23.85 on Thursday. The business’s 50 day moving average is $24.84 and its two-hundred day moving average is $20.18. Enerflex Ltd. has a twelve month low of $7.54 and a twelve month high of $29.15. The company has a market capitalization of $2.91 billion, a P/E ratio of 35.60 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.

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

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 19.40%.

About Enerflex

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.