Key Points
- Insider Jose Manuel Tamayo purchased 2,343 Element Fleet Management shares at C$24.75 each, investing C$57,989.25 and increasing his holdings by 156.1% to 3,844 shares.
- Element Fleet Management shares opened at C$25.20, with the company valued at approximately C$9.86 billion; the stock remains below its 50-day and 200-day moving averages.
- The company reported quarterly EPS of C$0.48 on C$451.94 million in revenue and maintains a quarterly dividend of C$0.15 per share, equivalent to a 2.4% annualized yield.
Element Fleet Management Corp. (TSE:EFN - Get Free Report) insider Jose Manuel Tamayo acquired 2,343 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the purchase, the insider owned 3,844 shares of the company's stock, valued at C$95,139. This trade represents a 156.10% increase in their ownership of the stock.
Element Fleet Management Stock Up 1.6%
Shares of Element Fleet Management stock opened at C$25.20 on Friday. The company has a debt-to-equity ratio of 357.23, a current ratio of -1,179.03 and a quick ratio of 5.70. Element Fleet Management Corp. has a 1 year low of C$24.55 and a 1 year high of C$38.26. The firm's 50-day moving average is C$28.40 and its two-hundred day moving average is C$29.27. The stock has a market cap of C$9.86 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.97 and a beta of 0.46.
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 EPS for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. The business had revenue of C$451.94 million during the quarter. As a group, research analysts expect that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is presently 54.26%.
Element Fleet Management Company Profile
(
Get Free Report)
Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.
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