Key Points
- Laura Lee Dottori-Attanasio bought 35,800 shares of Element Fleet Management on June 16 at an average price of C$27.94, for a total of about C$1.0 million. Her direct stake rose to 397,600 shares, a 9.89% increase.
- Element Fleet Management recently declared a quarterly dividend of C$0.15 per share, payable on July 15, for an annualized dividend of C$0.60 and a yield of about 2.1%.
- Analysts remain broadly positive on the stock, with a consensus Buy rating and an average target price of C$41.88, though several firms have recently trimmed their price targets.
Element Fleet Management Corp. (TSE:EFN - Get Free Report) Director George Keith Graham bought 2,000 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of C$28.00 per share, for a total transaction of C$56,000.00. Following the completion of the purchase, the director directly owned 27,000 shares of the company's stock, valued at C$756,000. The trade was a 8.00% increase in their position.
Element Fleet Management Price Performance
Shares of EFN opened at C$27.99 on Thursday. The firm has a market capitalization of C$11.08 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01. Element Fleet Management Corp. has a one year low of C$25.32 and a one year high of C$38.26. The stock's fifty day moving average is C$29.20 and its 200-day moving average is C$32.35.
Element Fleet Management (TSE:EFN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The company had revenue of C$879.58 million for the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%. Equities analysts anticipate that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.
Element Fleet Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is 52.84%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. TD lowered their price target on Element Fleet Management from C$41.00 to C$38.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Raymond James Financial lowered Element Fleet Management from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from C$42.50 to C$42.00 in a report on Thursday, May 7th. TD Securities lowered their target price on Element Fleet Management from C$42.00 to C$41.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Jefferies Financial Group raised Element Fleet Management from a "hold" rating to a "buy" rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada lowered their target price on Element Fleet Management from C$47.00 to C$40.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$41.88.
Check Out Our Latest Stock Report on Element Fleet Management
About Element Fleet Management
(
Get Free Report)
Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company's suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.
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