Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires C$71,950.00 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of C$28.78 per share, with a total value of C$71,950.00.

Laura Lee Dottori-Attanasio also recently made the following trade(s):

• On Friday, December 13th, Laura Lee Dottori-Attanasio acquired 10,500 shares of Element Fleet Management stock. The stock was bought at an average price of C$28.70 per share, with a total value of C$301,350.00.

Element Fleet Management Price Performance

EFN opened at C$28.99 on Thursday. The firm has a market cap of C$11.70 billion, a PE ratio of 22.65, a P/E/G ratio of 2.97 and a beta of 0.91. The stock has a 50-day moving average price of C$29.10 and a 200-day moving average price of C$27.43. Element Fleet Management Corp. has a 1 year low of C$21.08 and a 1 year high of C$30.49. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.66%. Element Fleet Management’s dividend payout ratio (DPR) is presently 37.50%.

Analyst Ratings Changes

Several brokerages recently issued reports on EFN. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their price target for the company from C$32.00 to C$30.00 in a research report 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 report on Thursday, November 14th. Scotiabank lowered their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. CIBC upped their price target on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. Finally, Raymond James raised their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Company Profile

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.