The Manufacturers Life Insurance Company Has $8.85 Million Stock Holdings in Enerflex Ltd. $EFXT

The Manufacturers Life Insurance Company boosted its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 141.8% during the first quarter, HoldingsChannel.com reports. The firm owned 423,361 shares of the company’s stock after acquiring an additional 248,303 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enerflex were worth $8,848,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in Enerflex by 240.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock worth $9,763,000 after buying an additional 329,469 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Enerflex by 21.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after purchasing an additional 70,818 shares during the last quarter. Versor Investments LP acquired a new position in shares of Enerflex during the fourth quarter valued at about $429,000. Caldwell Investment Management Ltd. acquired a new position in shares of Enerflex in the 4th quarter valued at $6,438,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of Enerflex during the 4th quarter worth approximately $2,134,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Price Performance

Shares of EFXT opened at $22.29 on Wednesday. The company’s 50-day moving average is $23.93 and its 200-day moving average is $22.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market capitalization of $2.72 billion, a PE ratio of 33.27 and a beta of 1.86. Enerflex Ltd. has a fifty-two week low of $7.82 and a fifty-two week high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Equities analysts forecast that Enerflex Ltd. will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EFXT. TD Securities reiterated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $30.00 price objective on shares of Enerflex in a report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Five 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 currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.