Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg Buys 2,550 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of Element Fleet Management stock in a transaction on Monday, December 16th. The shares were bought at an average price of C$28.46 per share, for a total transaction of C$72,571.98.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock opened at C$28.72 on Tuesday. The firm has a market cap of C$11.59 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a 1 year low of C$20.94 and a 1 year high of C$30.49. The firm’s 50-day simple moving average is C$29.15 and its 200-day simple moving average is C$27.23. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s dividend payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

EFN has been the topic of several analyst reports. Jefferies Financial Group downgraded Element Fleet Management from a “buy” rating to a “hold” rating and dropped their target price for the company from C$32.00 to C$30.00 in a report on Friday, November 15th. TD Securities lifted their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Raymond James upped their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. National Bankshares lifted their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Finally, Scotiabank decreased their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.