Hillsdale Investment Management Inc. Boosts Stake in Enerflex Ltd. $EFXT

Hillsdale Investment Management Inc. boosted its stake in Enerflex Ltd. (NYSE:EFXT) by 435.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,701,464 shares of the company’s stock after purchasing an additional 3,824,093 shares during the quarter. Enerflex comprises about 1.5% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 9th largest holding. Hillsdale Investment Management Inc. owned about 3.85% of Enerflex worth $50,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. boosted its holdings in Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after buying an additional 1,497 shares during the last quarter. Baron Wealth Management LLC raised its position in shares of Enerflex by 10.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock valued at $182,000 after acquiring an additional 1,638 shares during the period. Lazard Asset Management LLC boosted its stake in Enerflex by 2.5% during the 2nd quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock worth $797,000 after acquiring an additional 2,468 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Enerflex by 11.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 26,298 shares of the company’s stock worth $282,000 after acquiring an additional 2,670 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Enerflex by 7.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 75,332 shares of the company’s stock valued at $595,000 after purchasing an additional 5,427 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a research note on Thursday, January 15th. Finally, Raymond James Financial lowered Enerflex from a “strong-buy” rating to an “outperform” rating in a research 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 stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and an average price target of $14.63.

Enerflex Price Performance

EFXT stock opened at $19.46 on Friday. The stock has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $13.39. Enerflex Ltd. has a 1 year low of $6.18 and a 1 year high of $19.89. The stock has a market cap of $2.37 billion, a PE ratio of 17.69 and a beta of 1.95. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61.

About Enerflex

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.