Mackenzie Financial Corp Boosts Stock Holdings in Enerflex Ltd. (NYSE:EFXT)

Mackenzie Financial Corp raised its position in shares of Enerflex Ltd. (NYSE:EFXT) by 57.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,380,143 shares of the company’s stock after acquiring an additional 1,606,236 shares during the quarter. Mackenzie Financial Corp’s holdings in Enerflex were worth $23,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. raised its stake in Enerflex by 6.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,901,000 shares of the company’s stock valued at $51,893,000 after purchasing an additional 516,300 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Enerflex by 7.6% during the 4th quarter. Quadrature Capital Ltd now owns 332,100 shares of the company’s stock worth $1,544,000 after purchasing an additional 23,600 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Enerflex by 117.0% during the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after buying an additional 13,390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enerflex by 24.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after buying an additional 6,325 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Enerflex by 1.5% in the fourth quarter. TD Asset Management Inc now owns 471,869 shares of the company’s stock worth $2,194,000 after buying an additional 6,862 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st. Finally, National Bank Financial cut Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd.

Enerflex Trading Up 1.4 %

Shares of EFXT opened at $5.95 on Friday. Enerflex Ltd. has a 12-month low of $3.94 and a 12-month high of $6.39. The firm has a market capitalization of $738.04 million, a P/E ratio of -6.69 and a beta of 2.01. The firm has a 50-day moving average price of $5.65 and a 200 day moving average price of $5.55. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. Sell-side analysts forecast that Enerflex Ltd. will post 0.18 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.018 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.07 annualized dividend and a yield of 1.21%. Enerflex’s dividend payout ratio (DPR) is -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.