K.J. Harrison & Partners Inc Sells 227,100 Shares of Enerflex Ltd. $EFXT

K.J. Harrison & Partners Inc lowered its position in shares of Enerflex Ltd. (NYSE:EFXT) by 64.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,919 shares of the company’s stock after selling 227,100 shares during the period. K.J. Harrison & Partners Inc owned about 0.10% of Enerflex worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. D Orazio & Associates Inc. bought a new position in Enerflex during the 2nd quarter worth about $80,000. Vise Technologies Inc. purchased a new stake in shares of Enerflex in the 2nd quarter worth approximately $85,000. Kathmere Capital Management LLC bought a new position in shares of Enerflex during the third quarter valued at approximately $152,000. Baron Wealth Management LLC increased its holdings in Enerflex by 10.8% during the third quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock valued at $182,000 after buying an additional 1,638 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after buying an additional 20,689 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enerflex Price Performance

Shares of NYSE EFXT opened at $19.79 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The company has a market cap of $2.41 billion, a PE ratio of 17.99 and a beta of 1.95. The business has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $13.66. Enerflex Ltd. has a fifty-two week low of $6.18 and a fifty-two week high of $20.18.

Enerflex Company 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.