Allianz Asset Management GmbH Trims Stock Position in Enerflex Ltd. $EFXT

Allianz Asset Management GmbH trimmed its holdings in Enerflex Ltd. (NYSE:EFXT) by 20.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 173,987 shares of the company’s stock after selling 44,107 shares during the quarter. Allianz Asset Management GmbH owned 0.14% of Enerflex worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in shares of Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock worth $16,312,000 after buying an additional 466,535 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Enerflex during the third quarter valued at approximately $5,053,000. NewGen Equity Long Short Fund acquired a new position in Enerflex in the second quarter valued at approximately $5,628,000. Timelo Investment Management Inc. purchased a new stake in Enerflex in the 2nd quarter worth approximately $2,041,000. Finally, 1832 Asset Management L.P. grew its stake in shares of Enerflex by 6.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,509,600 shares of the company’s stock worth $59,251,000 after purchasing an additional 454,900 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EFXT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 target price on shares of Enerflex in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.63.

Enerflex Price Performance

Enerflex stock opened at $18.10 on Friday. The company has a fifty day simple moving average of $16.24 and a 200-day simple moving average of $12.92. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.45 and a beta of 1.95. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. Enerflex Ltd. has a 52-week low of $6.18 and a 52-week high of $19.65.

Enerflex Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.