Laura Lee Dottori-Attanasio Purchases 18,000 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of C$27.67 per share, with a total value of C$498,074.40.

Element Fleet Management Stock Performance

TSE:EFN opened at C$27.42 on Friday. The company has a market cap of C$11.07 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a fifty-two week low of C$18.50 and a fifty-two week high of C$28.26. 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 stock has a fifty day moving average price of C$26.34 and a 200-day moving average price of C$24.11.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.03. The business had revenue of C$375.68 million during the quarter, compared to analysts’ expectations of C$368.46 million. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. As a group, equities analysts anticipate that Element Fleet Management Corp. will post 1.5374037 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, September 27th. Element Fleet Management’s dividend payout ratio (DPR) is presently 38.40%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EFN. TD Securities boosted their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Scotiabank boosted their price target on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. CIBC increased their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. National Bankshares boosted their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group upped their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Element Fleet Management has an average rating of “Moderate Buy” and a consensus price target of C$31.25.

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.