137,361 Shares in Enerflex Ltd. (NYSE:EFXT) Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 137,361 shares of the company’s stock, valued at approximately $1,364,000.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in Enerflex during the third quarter worth about $65,000. West Tower Group LLC bought a new position in shares of Enerflex in the third quarter worth approximately $119,000. Barclays PLC lifted its stake in shares of Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after buying an additional 26,168 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Enerflex in the third quarter worth approximately $344,000. Finally, Geode Capital Management LLC lifted its stake in shares of Enerflex by 11.2% in the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock worth $364,000 after buying an additional 6,158 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 2.3 %

Shares of NYSE EFXT opened at $8.97 on Friday. The firm’s 50 day moving average price is $9.77 and its 200-day moving average price is $7.89. The company has a market cap of $1.11 billion, a PE ratio of -14.23 and a beta of 2.01. Enerflex Ltd. has a 52-week low of $4.59 and a 52-week high of $10.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19.

Analysts Set New Price Targets

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

About Enerflex

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.