Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Buys 10,500 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$28.70 per share, for a total transaction of C$301,350.00.

Element Fleet Management Trading Down 1.1 %

EFN stock traded down C$0.32 during midday trading on Friday, hitting C$28.65. The stock had a trading volume of 179,611 shares, compared to its average volume of 566,131. The firm has a market cap of C$11.56 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. 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 1-year low of C$20.94 and a 1-year high of C$30.49. The business has a fifty day moving average price of C$29.15 and a two-hundred day moving average price of C$27.16.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 1.68%. Element Fleet Management’s payout ratio is 37.50%.

Analysts Set New Price Targets

EFN has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. TD Securities raised their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, CIBC raised their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Company Profile

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.