Element Fleet Management (TSE:EFN) Reaches New 52-Week Low – Here’s Why

Element Fleet Management Corp. (TSE:EFN) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$25.26 and last traded at C$25.37, with a volume of 47870 shares. The stock had previously closed at C$25.70.

Element Fleet Management Price Performance

The stock has a market capitalization of C$9.79 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.97 and a beta of 0.46. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The firm has a 50-day moving average price of C$28.85 and a 200 day moving average price of C$29.57.

Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share for the quarter. The company had revenue of C$451.94 million during the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%. On average, analysts expect that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Element Fleet Management’s payout ratio is presently 54.26%.

Insider Buying and Selling at Element Fleet Management

In other news, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the sale, the insider owned 64,897 shares of the company’s stock, valued at approximately C$1,704,195.22. This represents a 58.33% decrease in their position. Also, insider Laura Lee Dottori-Attanasio bought 35,800 shares of Element Fleet Management stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of C$27.94 per share, for a total transaction of C$1,000,252.00. Following the acquisition, the insider owned 397,600 shares in the company, valued at C$11,108,944. The trade was a 9.89% increase in their position. Insiders purchased a total of 38,420 shares of company stock worth $1,073,612 over the last 90 days. Company insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.