Tacita Capital Inc Makes New $1.20 Million Investment in Enerflex Ltd. $EFXT

Tacita Capital Inc purchased a new stake in Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 49,104 shares of the company’s stock, valued at approximately $1,204,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in shares of Enerflex by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after purchasing an additional 186,649 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Enerflex by 51.9% during 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 period. TD Asset Management Inc lifted its position in Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares in the last quarter. Bank of Montreal Can boosted its holdings in Enerflex by 11.8% in 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 during the period. Finally, Bank of America Corp DE boosted its holdings in Enerflex by 51.4% in the 1st quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after acquiring an additional 438,920 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Down 5.1%

NYSE:EFXT opened at $20.60 on Thursday. The company has a market cap of $2.52 billion, a PE ratio of 47.90 and a beta of 1.86. The business’s 50 day moving average is $23.08 and its two-hundred day moving average is $22.89. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. Enerflex Ltd. has a 52 week low of $9.35 and a 52 week high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. On average, analysts predict that Enerflex Ltd. will post 1.34 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio (DPR) is presently 30.23%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial upped their target price on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce set a $27.50 price target on shares of Enerflex in a report on Monday, August 10th. Zacks Research downgraded shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, TD Securities reiterated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

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.