Enerflex Ltd. (NYSE:EFXT) Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Enerflex Ltd. (NYSE:EFXT) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,088 shares of the company’s stock after acquiring an additional 7,700 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enerflex were worth $965,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. TD Asset Management Inc raised its holdings in shares of Enerflex by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock worth $824,000 after purchasing an additional 2,789 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enerflex by 24.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after buying an additional 6,325 shares during the last quarter. Fiera Capital Corp grew its position in Enerflex by 117.0% in 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 during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after buying an additional 15,200 shares in the last quarter. Finally, Avidian Wealth Solutions LLC acquired a new stake in shares of Enerflex during the 1st quarter valued at $90,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

Enerflex Stock Up 0.5 %

EFXT stock opened at $6.58 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $816.18 million, a P/E ratio of -7.93 and a beta of 2.01. Enerflex Ltd. has a 52-week low of $3.94 and a 52-week high of $6.82. The company’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $5.58.

Enerflex (NYSE:EFXT) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $614.00 million for the quarter, compared to analyst estimates of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. As a group, equities research analysts anticipate that Enerflex Ltd. will post 0.18 EPS for the current year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd were given a dividend of $0.018 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.07 dividend on an annualized basis and a yield of 1.09%. Enerflex’s payout ratio is presently -8.43%.

About Enerflex

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.