Enerflex Ltd. $EFXT Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in Enerflex Ltd. (NYSE:EFXT) by 435.9% during the third quarter, Holdings Channel.com reports. The firm owned 4,701,464 shares of the company’s stock after acquiring an additional 3,824,093 shares during the quarter. Enerflex accounts for about 1.5% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 9th biggest position. Hillsdale Investment Management Inc.’s holdings in Enerflex were worth $50,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in EFXT. 1832 Asset Management L.P. boosted its holdings in Enerflex by 6.4% during the second 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 last quarter. Goldman Sachs Group Inc. lifted its position in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Enerflex by 29.0% during the 2nd 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. PCJ Investment Counsel Ltd. boosted its stake in shares of Enerflex by 10.2% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 1,487,680 shares of the company’s stock worth $11,752,000 after buying an additional 137,950 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Enerflex Stock Performance

EFXT opened at $19.46 on Friday. 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 12-month low of $6.18 and a 12-month high of $19.89. The business has a 50 day moving average of $16.72 and a 200-day moving average of $13.39. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 17.69 and a beta of 1.95.

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.