NewGen Asset Management Ltd Acquires 73,400 Shares of Enerflex Ltd. $EFXT

NewGen Asset Management Ltd raised its holdings in Enerflex Ltd. (NYSE:EFXT) by 10.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 786,744 shares of the company’s stock after purchasing an additional 73,400 shares during the period. Enerflex makes up 7.5% of NewGen Asset Management Ltd’s portfolio, making the stock its 4th biggest position. NewGen Asset Management Ltd’s holdings in Enerflex were worth $12,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in Enerflex in the 4th quarter valued at $31,000. Plato Investment Management Ltd increased its holdings in Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after buying an additional 3,730 shares during the period. SG Americas Securities LLC bought a new stake in Enerflex in the 4th quarter valued at $119,000. D Orazio & Associates Inc. increased its holdings in Enerflex by 14.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after buying an additional 1,497 shares during the period. Finally, Shelton Capital Management bought a new stake in Enerflex in the 3rd quarter valued at $136,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 1.2%

Shares of NYSE:EFXT opened at $24.01 on Tuesday. Enerflex Ltd. has a 52 week low of $7.54 and a 52 week 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 company’s fifty day moving average is $25.07 and its 200-day moving average is $20.40. The company has a market capitalization of $2.93 billion, a PE ratio of 35.84 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, 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 company had revenue of $584.00 million for the quarter, compared to the consensus estimate of $607.26 million. Equities research analysts predict that Enerflex Ltd. will post 1.66 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 20th. Enerflex’s payout ratio is currently 19.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EFXT shares. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a report on Friday, May 8th. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Raymond James Financial boosted their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and an average price target of $35.33.

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.