International Assets Investment Management LLC Invests $730,000 in Enerflex Ltd. (NYSE:EFXT)

International Assets Investment Management LLC bought a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 122,554 shares of the company's stock, valued at approximately $730,000. International Assets Investment Management LLC owned 0.10% of Enerflex as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Net Worth Advisory Group acquired a new position in shares of Enerflex during the third quarter worth approximately $146,000. Clearbridge Investments LLC raised its position in Enerflex by 16.3% in the 2nd quarter. Clearbridge Investments LLC now owns 567,366 shares of the company's stock valued at $3,064,000 after buying an additional 79,419 shares during the last quarter. Aristides Capital LLC purchased a new stake in Enerflex in the 2nd quarter valued at $262,000. Mackenzie Financial Corp raised its position in Enerflex by 57.9% in the 2nd quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company's stock valued at $23,631,000 after buying an additional 1,606,236 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Enerflex by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company's stock valued at $965,000 after buying an additional 7,700 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on Enerflex from $8.00 to $9.00 and gave the company an "outperform" rating in a research report on Friday, August 9th.

Enerflex Stock Up 3.7 %

NYSE EFXT traded up $0.26 on Wednesday, reaching $7.25. The company had a trading volume of 102,030 shares, compared to its average volume of 179,161. The stock has a market capitalization of $899.29 million, a P/E ratio of -8.73 and a beta of 1.89. The company's fifty day moving average is $6.17 and its 200 day moving average is $5.66. Enerflex Ltd. has a 52-week low of $4.01 and a 52-week high of $7.29. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.92.

Enerflex (NYSE:EFXT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. The business had revenue of $614.00 million for the quarter, compared to analysts' expectations of $554.20 million. Sell-side analysts anticipate that Enerflex Ltd. will post 0.19 earnings per share for the current fiscal year.

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.