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

Mackenzie Financial Corp boosted its position in Enerflex Ltd. (NYSE:EFXT) by 57.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,380,143 shares of the company’s stock after buying an additional 1,606,236 shares during the period. Mackenzie Financial Corp owned approximately 3.53% of Enerflex worth $23,631,000 as of its most recent filing with the Securities & Exchange Commission.

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

Enerflex Price Performance

NYSE:EFXT opened at $5.95 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. Enerflex Ltd. has a 52 week low of $3.94 and a 52 week high of $6.39. The stock’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.55. The stock has a market capitalization of $738.04 million, a PE ratio of -6.69 and a beta of 2.01.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $614.00 million during 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 analysts expect that Enerflex Ltd. will post 0.18 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Thursday, August 22nd will be issued a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, August 22nd. Enerflex’s payout ratio is presently -7.87%.

Analysts Set New Price Targets

EFXT has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Enerflex from $8.00 to $9.00 and gave the stock 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 lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd.

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.