Laura Lee Dottori-Attanasio Acquires 18,000 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of C$27.67 per share, with a total value of C$498,074.40.

Element Fleet Management Stock Down 1.6 %

TSE:EFN traded down C$0.44 on Friday, reaching C$27.13. The stock had a trading volume of 77,515 shares, compared to its average volume of 544,748. The stock has a market cap of C$10.95 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a 50-day moving average of C$26.29 and a 200 day moving average of C$24.08. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. Element Fleet Management Corp. has a 12-month low of C$18.50 and a 12-month high of C$28.26.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The company had revenue of C$375.68 million for the quarter, compared to analyst estimates of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. On average, research analysts predict that Element Fleet Management Corp. will post 1.5374037 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, September 27th. Element Fleet Management’s dividend payout ratio is 38.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EFN shares. BMO Capital Markets raised their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. CIBC raised their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank raised their price objective on Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. Raymond James lifted their price target on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.25.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.