Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires 2,550 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of C$28.46 per share, for a total transaction of C$72,571.98.

Element Fleet Management Stock Down 1.0 %

EFN opened at C$28.44 on Wednesday. Element Fleet Management Corp. has a twelve month low of C$20.94 and a twelve month high of C$30.49. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The business has a 50 day moving average price of C$29.14 and a 200 day moving average price of C$27.26. The firm has a market cap of C$11.48 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EFN. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. TD Securities upped their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Raymond James lifted their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Scotiabank lowered their price target on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, National Bankshares raised their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.50.

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.