International Assets Investment Management LLC Invests $730,000 in Enerflex Ltd. (NYSE:EFXT)

International Assets Investment Management LLC purchased a new position in Enerflex Ltd. (NYSE:EFXT) in the third quarter, HoldingsChannel reports. The firm purchased 122,554 shares of the company’s stock, valued at approximately $730,000.

A number of other institutional investors also recently made changes to their positions in the stock. TD Asset Management Inc lifted its stake 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 acquiring an additional 2,789 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Enerflex by 24.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after acquiring an additional 6,325 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Enerflex by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock worth $965,000 after acquiring an additional 7,700 shares during the period. Fiera Capital Corp lifted its stake in shares of Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after acquiring an additional 13,390 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Enerflex by 17,674.4% in the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after acquiring an additional 15,200 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Up 2.0 %

NYSE EFXT opened at $7.01 on Wednesday. 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 company’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $5.65. Enerflex Ltd. has a 12 month low of $4.01 and a 12 month high of $7.02. The company has a market capitalization of $868.90 million, a P/E ratio of -8.44 and a beta of 1.89.

Enerflex (NYSE:EFXT) last released its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Enerflex had a negative return on equity of 1.86% and a negative net margin of 4.25%. The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $554.20 million. Equities research analysts expect that Enerflex Ltd. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.