1832 Asset Management L.P. Raises Holdings in Enerflex Ltd. (NYSE:EFXT)

1832 Asset Management L.P. raised its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,901,000 shares of the company’s stock after acquiring an additional 516,300 shares during the quarter. 1832 Asset Management L.P. owned 0.07% of Enerflex worth $51,893,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EFXT. K.J. Harrison & Partners Inc boosted its stake in Enerflex by 67.5% during the 4th quarter. K.J. Harrison & Partners Inc now owns 207,700 shares of the company’s stock valued at $963,000 after purchasing an additional 83,700 shares during the last quarter. NewGen Asset Management Ltd grew its holdings in shares of Enerflex by 19.1% in the fourth quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock worth $10,210,000 after acquiring an additional 350,000 shares during the period. Canoe Financial LP grew its holdings in shares of Enerflex by 105.2% in the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock worth $95,239,000 after acquiring an additional 10,454,383 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Enerflex in the fourth quarter worth $2,279,000. Finally, Aigen Investment Management LP grew its holdings in shares of Enerflex by 110.3% in the fourth quarter. Aigen Investment Management LP now owns 46,076 shares of the company’s stock worth $213,000 after acquiring an additional 24,163 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFXT has been the subject of several research analyst reports. Acumen Capital raised Enerflex to a “strong-buy” rating in a report on Saturday, June 1st. National Bank Financial lowered Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd.

Enerflex Stock Performance

NYSE EFXT traded up $0.02 on Friday, hitting $5.55. 72,903 shares of the company traded hands, compared to its average volume of 100,608. The company has a market capitalization of $688.42 million, a price-to-earnings ratio of -6.24 and a beta of 2.01. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.42. Enerflex Ltd. has a 52-week low of $3.94 and a 52-week high of $8.36.

Enerflex (NYSE:EFXT) last released its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.25). The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $574.35 million. Enerflex had a negative net margin of 4.61% and a negative return on equity of 2.47%. Equities analysts expect that Enerflex Ltd. will post 0.28 earnings per share for the current year.

Enerflex Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, May 23rd were given a dividend of $0.018 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.07 annualized dividend and a yield of 1.30%. Enerflex’s dividend payout ratio (DPR) is presently -7.87%.

Enerflex Company 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.