Letko Brosseau & Associates Inc. Sells 1,365,575 Shares of Enerflex Ltd. (NYSE:EFXT)

Letko Brosseau & Associates Inc. lessened its stake in Enerflex Ltd. (NYSE:EFXT) by 21.3% during the first quarter, Holdings Channel reports. The firm owned 5,049,686 shares of the company’s stock after selling 1,365,575 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Enerflex were worth $39,015,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EFXT. TD Waterhouse Canada Inc. lifted its holdings in Enerflex by 8.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock worth $173,000 after acquiring an additional 1,404 shares during the period. Geode Capital Management LLC lifted its holdings in Enerflex by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company’s stock worth $642,000 after acquiring an additional 2,828 shares during the period. Bank of Nova Scotia lifted its holdings in Enerflex by 4.9% during the fourth quarter. Bank of Nova Scotia now owns 90,717 shares of the company’s stock worth $903,000 after acquiring an additional 4,258 shares during the period. Barclays PLC lifted its holdings in Enerflex by 20.3% during the fourth quarter. Barclays PLC now owns 31,481 shares of the company’s stock worth $314,000 after acquiring an additional 5,312 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Enerflex by 21.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock worth $302,000 after acquiring an additional 6,793 shares during the period. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada lowered their target price on Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. CIBC lowered their target price on Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen lowered Enerflex from a “buy” rating to a “hold” rating in a research note on Friday, June 27th.

Enerflex Trading Up 3.0%

Shares of EFXT stock opened at $8.39 on Wednesday. Enerflex Ltd. has a 12-month low of $4.73 and a 12-month high of $10.61. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $7.74 and a two-hundred day moving average price of $7.89. The firm has a market cap of $1.03 billion, a P/E ratio of 14.21 and a beta of 2.00.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $552.00 million during the quarter, compared to analyst estimates of $583.59 million. Enerflex had a return on equity of 5.23% and a net margin of 3.18%. Equities analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd were given a $0.0375 dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, May 21st. Enerflex’s dividend payout ratio is currently 18.64%.

Enerflex Profile

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.