Element Fleet Management Corp. (TSE:EFN) Senior Officer Purchases C$97,618.50 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of C$28.92 per share, with a total value of C$97,618.50.

Carlos David Madrigal Gonzalez also recently made the following trade(s):

• On Friday, November 15th, Carlos David Madrigal Gonzalez sold 5,200 shares of Element Fleet Management stock. The shares were sold at an average price of C$27.40, for a total value of C$142,480.00.

Element Fleet Management Trading Down 0.4 %

Shares of EFN opened at C$29.61 on Friday. Element Fleet Management Corp. has a 52-week low of C$20.89 and a 52-week high of C$30.04. The business’s fifty day moving average is C$28.76 and its 200-day moving average is C$26.46. 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 firm has a market cap of C$11.95 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. Element Fleet Management’s payout ratio is 37.50%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EFN shares. Jefferies Financial Group cut 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 report on Friday, November 15th. National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. BMO Capital Markets lifted their price target on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Royal Bank of Canada lifted their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Finally, Raymond James raised their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Element Fleet Management 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.