CIBC Asset Management Inc Acquires Shares of 137,361 Enerflex Ltd. (NYSE:EFXT)

CIBC Asset Management Inc acquired a new stake in Enerflex Ltd. (NYSE:EFXT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 137,361 shares of the company’s stock, valued at approximately $1,364,000. CIBC Asset Management Inc owned 0.11% of Enerflex at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EFXT. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex during the 3rd quarter valued at about $65,000. West Tower Group LLC bought a new stake in shares of Enerflex during the 3rd quarter valued at about $119,000. Barclays PLC boosted its stake in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after purchasing an additional 26,168 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Enerflex during the 3rd quarter valued at about $344,000. Finally, Geode Capital Management LLC boosted its stake in shares of Enerflex by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock valued at $364,000 after purchasing an additional 6,158 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 2.3 %

NYSE:EFXT opened at $8.97 on Friday. Enerflex Ltd. has a one year low of $4.59 and a one year high of $10.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $7.89. The firm has a market capitalization of $1.11 billion, a P/E ratio of -14.23 and a beta of 2.01.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their target price on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

Enerflex 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.