Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Buys 2,550 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg purchased 2,550 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were bought at an average price of C$28.46 per share, with a total value of C$72,571.98.

Element Fleet Management Trading Down 0.6 %

Shares of Element Fleet Management stock traded down C$0.18 on Monday, hitting C$28.42. 177,573 shares of the company’s stock traded hands, compared to its average volume of 566,261. 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 Corp. has a one year low of C$20.94 and a one year high of C$30.49. The firm’s 50-day moving average price is C$29.15 and its two-hundred day moving average price is C$27.23. The stock has a market capitalization of C$11.47 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. Element Fleet Management’s dividend payout ratio is 37.50%.

Analyst Ratings Changes

Several equities analysts have commented on EFN shares. Raymond James increased their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. CIBC raised their price target on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. TD Securities lifted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Jefferies Financial Group downgraded Element Fleet Management from a “buy” rating to a “hold” rating and decreased their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. Finally, National Bankshares raised their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Element Fleet Management has an average rating of “Moderate Buy” and an average price target 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.