Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$279,350.00 in Stock

Element Fleet Management Corp. (TSE:EFNGet Free Report) Senior Officer James Halliday sold 11,174 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$25.00, for a total value of C$279,350.00.

James Halliday also recently made the following trade(s):

  • On Friday, June 7th, James Halliday sold 32,700 shares of Element Fleet Management stock. The shares were sold at an average price of C$25.00, for a total value of C$817,500.00.
  • On Friday, May 24th, James Halliday acquired 800 shares of Element Fleet Management stock. The stock was acquired at an average price of C$24.35 per share, with a total value of C$19,480.00.

Element Fleet Management Stock Performance

TSE EFN opened at C$24.55 on Thursday. The firm has a market cap of C$9.54 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.83. The company has a quick ratio of 5.70, a current ratio of 8.32 and a debt-to-equity ratio of 315.13. The company’s 50 day moving average is C$23.01 and its 200-day moving average is C$22.47. Element Fleet Management Corp. has a 12-month low of C$18.50 and a 12-month high of C$25.35.

Element Fleet Management (TSE:EFNGet Free Report) last issued its earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The business had revenue of C$353.83 million for the quarter, compared to analysts’ expectations of C$333.85 million. Sell-side analysts predict that Element Fleet Management Corp. will post 1.5226286 earnings per share for the current year.

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.96%. Element Fleet Management’s dividend payout ratio is currently 39.67%.

Analyst Ratings Changes

EFN has been the topic of a number of recent analyst reports. CIBC lifted their target price on Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. TD Securities lifted their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Veritas Investment Research reissued a “reduce” rating on shares of Element Fleet Management in a research report on Thursday, February 29th. National Bankshares lifted their price target on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, Scotiabank upped their price objective on Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and an average target price of C$28.50.

Read Our Latest Research Report on EFN

About Element Fleet Management

(Get Free Report)

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.

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