Element Fleet Management (TSE:EFN) Director George Keith Graham Purchases 2,000 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Director George Keith Graham purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of C$28.00 per share, with a total value of C$56,000.00. Following the acquisition, the director owned 27,000 shares in the company, valued at C$756,000. This trade represents a 8.00% increase in their ownership of the stock.

Element Fleet Management Stock Up 0.4%

TSE EFN opened at C$27.99 on Thursday. The stock has a market cap of C$11.08 billion, a PE ratio of 37.82, a P/E/G ratio of 2.97 and a beta of 0.66. Element Fleet Management Corp. has a fifty-two week low of C$25.32 and a fifty-two week high of C$38.26. The business has a 50 day moving average price of C$29.20 and a two-hundred day moving average price of C$32.35. The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10.

Element Fleet Management (TSE:EFN) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. The firm had revenue of C$879.58 million during the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%. As a group, sell-side analysts predict that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, June 30th. Element Fleet Management’s dividend payout ratio is 52.84%.

Analyst Ratings Changes

Several research firms have recently commented on EFN. TD Securities reduced their target price on Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. TD reduced their target price on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Royal Bank Of Canada reduced their target price on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Raymond James Financial cut Element Fleet Management from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from C$42.50 to C$42.00 in a research note on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$41.88.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.