86,459 Shares in Enerflex Ltd. (NYSE:EFXT) Bought by Bank of Nova Scotia

Posted by Defense World Staff on May 24th, 2023

Bank of Nova Scotia acquired a new stake in Enerflex Ltd. (NYSE:EFXT – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 86,459 shares of the company’s stock, valued at approximately $545,000. Bank of Nova Scotia owned 0.07% of Enerflex at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Enerflex during the fourth quarter worth about $57,000. Shell Asset Management Co. bought a new position in shares of Enerflex during the 4th quarter worth approximately $57,000. Soltis Investment Advisors LLC acquired a new position in shares of Enerflex during the 4th quarter worth approximately $63,000. HighTower Advisors LLC acquired a new position in shares of Enerflex during the 4th quarter worth approximately $64,000. Finally, Citigroup Inc. bought a new stake in Enerflex in the 4th quarter valued at $70,000.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $6.19 on Wednesday. The firm has a 50 day moving average of $5.97 and a 200-day moving average of $6.32. Enerflex Ltd. has a 12 month low of $3.86 and a 12 month high of $7.64. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $765.95 million and a PE ratio of -10.67.

Enerflex (NYSE:EFXT – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $508.15 million for the quarter. Enerflex had a negative net margin of 3.77% and a positive return on equity of 1.77%.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, May 18th will be paid a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, May 17th. Enerflex’s dividend payout ratio (DPR) is presently -12.07%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EFXT. National Bank Financial cut shares of Enerflex from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 31st. Raymond James cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 7th. BMO Capital Markets boosted their price target on Enerflex from C$12.00 to C$13.00 in a research note on Thursday, May 4th. Finally, Royal Bank of Canada upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 6th.

Enerflex Profile

(Get Rating)

Enerflex Ltd. engages in the manufacture and distribution of equipment for gas compression facilities, power plants and other industrial institutions. It operates through the following geographical segments: USA, Rest of the World, and Canada. The USA segment manufactures modular natural gas compression, processing, refrigeration, and electric power equipment.