TD Asset Management Inc Has $13.28 Million Stock Position in Enerflex Ltd. $EFXT

TD Asset Management Inc lowered its stake in Enerflex Ltd. (NYSE:EFXT) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,685,101 shares of the company’s stock after selling 206,889 shares during the quarter. TD Asset Management Inc’s holdings in Enerflex were worth $13,276,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Baron Wealth Management LLC lifted its stake in shares of Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after purchasing an additional 3,666 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in shares of Enerflex by 2.2% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company’s stock valued at $1,578,000 after purchasing an additional 4,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Enerflex by 21.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock valued at $302,000 after purchasing an additional 6,793 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Enerflex by 13.9% in the 1st quarter. Russell Investments Group Ltd. now owns 63,920 shares of the company’s stock valued at $494,000 after purchasing an additional 7,797 shares during the period. Finally, PDT Partners LLC lifted its stake in shares of Enerflex by 26.8% in the 1st quarter. PDT Partners LLC now owns 56,775 shares of the company’s stock valued at $439,000 after purchasing an additional 12,015 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

EFXT has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Enerflex from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.13.

Enerflex Price Performance

EFXT stock opened at $10.76 on Friday. The stock has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $8.46. The stock has a market cap of $1.31 billion, a PE ratio of 10.34 and a beta of 2.01. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. Enerflex Ltd. has a 1 year low of $6.18 and a 1 year high of $11.74.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. The firm had revenue of $615.00 million during the quarter, compared to analysts’ expectations of $555.24 million. Enerflex had a return on equity of 10.21% and a net margin of 5.54%. Equities analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.0375 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a yield of 1.4%. Enerflex’s dividend payout ratio is currently 10.58%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.