Cibc World Market Inc. Has $5.38 Million Holdings in Enerflex Ltd. $EFXT

Cibc World Market Inc. raised its holdings in Enerflex Ltd. (NYSE:EFXT) by 267.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,718 shares of the company’s stock after acquiring an additional 362,939 shares during the period. Cibc World Market Inc. owned about 0.41% of Enerflex worth $5,378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EFXT. Caprock Group LLC acquired a new stake in shares of Enerflex in the 3rd quarter valued at approximately $271,000. Envestnet Asset Management Inc. lifted its stake in Enerflex by 15.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 162,951 shares of the company’s stock valued at $1,757,000 after purchasing an additional 21,427 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Enerflex by 11.3% in the third quarter. TD Waterhouse Canada Inc. now owns 26,298 shares of the company’s stock valued at $282,000 after buying an additional 2,670 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of Enerflex during the third quarter worth $5,053,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Enerflex by 18.1% during the third quarter. Ritholtz Wealth Management now owns 214,111 shares of the company’s stock worth $2,308,000 after buying an additional 32,777 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of EFXT stock opened at $18.96 on Friday. The stock has a market capitalization of $2.31 billion, a PE ratio of 17.24 and a beta of 1.95. The business’s 50 day simple moving average is $16.33 and its 200 day simple moving average is $13.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. Enerflex Ltd. has a one year low of $6.18 and a one year high of $19.65.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EFXT. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a report on Thursday, January 15th. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of $14.63.

Enerflex Company 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.