Key Points
- Insider sale: Jacob Eisenberg sold 90,855 Element Fleet Management shares for approximately C$2.39 million at an average price of C$26.26, reducing his direct ownership by 58.33% to 64,897 shares.
- Financial and dividend profile: Element reported quarterly revenue of C$451.94 million and EPS of C$0.48. It pays a quarterly dividend of C$0.15, equivalent to an annualized yield of about 2.3%.
- Analyst outlook: Despite recent target-price cuts, seven analysts rate the stock a Buy, with an average target price of C$42.14 versus its recent price near C$26.25.
Element Fleet Management Corp. (TSE:EFN - Get Free Report) insider Jacob Eisenberg sold 90,855 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the transaction, the insider directly owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This trade represents a 58.33% decrease in their position.
Element Fleet Management Trading Up 0.2%
EFN opened at C$26.25 on Thursday. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23. The stock's fifty day moving average is C$29.27 and its two-hundred day moving average is C$29.90. The company has a market capitalization of C$10.27 billion, a P/E ratio of 35.47, a PEG ratio of 2.97 and a beta of 0.61. Element Fleet Management Corp. has a 52 week low of C$25.32 and a 52 week high of C$38.26.
Element Fleet Management (TSE:EFN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%.The business had revenue of C$451.94 million for the quarter. Analysts forecast that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.
Element Fleet Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Element Fleet Management's dividend payout ratio is 54.26%.
Wall Street Analyst Weigh In
A number of research firms have commented on EFN. Raymond James Financial downgraded shares of Element Fleet Management from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from C$42.50 to C$42.00 in a research report on Thursday, May 7th. TD cut their price objective on shares of 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. Finally, Royal Bank Of Canada reduced their price objective on shares of Element Fleet Management from C$47.00 to C$40.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Element Fleet Management currently has an average rating of "Buy" and an average target price of C$42.14.
Check Out Our Latest Analysis 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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