122,554 Shares in Enerflex Ltd. (NYSE:EFXT) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Enerflex Ltd. (NYSE:EFXT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 122,554 shares of the company’s stock, valued at approximately $730,000. International Assets Investment Management LLC owned about 0.10% of Enerflex as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its position 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 purchasing an additional 15,200 shares during the last quarter. Avidian Wealth Solutions LLC acquired a new position in shares of Enerflex in the 1st quarter valued at about $90,000. Net Worth Advisory Group acquired a new position in shares of Enerflex in the 3rd quarter valued at about $146,000. Fiera Capital Corp boosted its holdings in shares of Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after buying an additional 13,390 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $174,000 after buying an additional 6,325 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Up 2.0 %

NYSE EFXT opened at $7.01 on Wednesday. Enerflex Ltd. has a one year low of $4.01 and a one year high of $7.02. The company has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $5.65. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $868.90 million, a PE ratio of -8.44 and a beta of 1.89.

Enerflex (NYSE:EFXT) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $614.00 million for 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%. On average, equities analysts forecast that Enerflex Ltd. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target on shares of Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a report 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.