Caldwell Investment Management Ltd. Invests $6.44 Million in Enerflex Ltd. $EFXT

Caldwell Investment Management Ltd. bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 411,000 shares of the company’s stock, valued at approximately $6,438,000. Enerflex comprises about 3.9% of Caldwell Investment Management Ltd.’s holdings, making the stock its 6th largest position. Caldwell Investment Management Ltd. owned 0.34% of Enerflex at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EFXT. Plato Investment Management Ltd raised its stake in Enerflex by 399.4% during the fourth 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 bought a new position in Enerflex during the fourth quarter worth $119,000. D Orazio & Associates Inc. raised its stake in Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after buying an additional 1,497 shares during the last quarter. Shelton Capital Management bought a new position in Enerflex during the third quarter worth $136,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Enerflex during the third quarter worth $138,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 0.6%

EFXT opened at $24.70 on Wednesday. Enerflex Ltd. has a 1-year low of $7.54 and a 1-year high of $29.15. 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 company has a market cap of $3.01 billion, a P/E ratio of 36.86 and a beta of 1.83. The company has a fifty day moving average price of $24.77 and a two-hundred day moving average price of $20.10.

Enerflex (NYSE:EFXT) last posted its quarterly 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 net margin of 3.19% and a return on equity of 14.53%. The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Analysts predict that Enerflex Ltd. will post 1.66 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared 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 yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s payout ratio is 19.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EFXT. Royal Bank Of Canada lifted their target price on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. TD Securities reissued a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

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.