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

Public Employees Retirement System of Ohio boosted its stake in Enerflex Ltd. (NYSE:EFXT) by 21.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 408,015 shares of the company’s stock after acquiring an additional 70,818 shares during the period. Public Employees Retirement System of Ohio owned 0.33% of Enerflex worth $8,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the period. NewEdge Advisors LLC grew its position in Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after buying an additional 752,893 shares during the last quarter. Geode Capital Management LLC increased its stake in Enerflex by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock valued at $665,000 after buying an additional 18,434 shares during the period. Finally, Legal & General Group Plc increased its stake in Enerflex by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock valued at $1,223,000 after buying an additional 11,920 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFXT has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. TD Securities reissued a “buy” rating on shares of Enerflex in a report on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.00.

Enerflex Trading Down 1.2%

NYSE:EFXT opened at $22.48 on Tuesday. Enerflex Ltd. has a 1 year low of $7.59 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. The stock has a fifty day moving average price of $24.60 and a two-hundred day moving average price of $22.27. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 33.55 and a beta of 1.83.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, May 7th. The company reported $0.35 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 company had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 1.63 earnings per share for the current fiscal 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 given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio is presently 19.40%.

Enerflex 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.