Laura Lee Dottori-Attanasio Acquires 35,800 Shares of Element Fleet Management (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) insider Laura Lee Dottori-Attanasio bought 35,800 shares of the stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of C$27.94 per share, with a total value of C$1,000,252.00. Following the acquisition, the insider directly owned 397,600 shares in the company, valued at approximately C$11,108,944. The trade was a 9.89% increase in their position.

Element Fleet Management Price Performance

EFN stock opened at C$28.34 on Friday. Element Fleet Management Corp. has a 12 month low of C$25.32 and a 12 month high of C$38.26. The company has a current ratio of -1,554.01, a quick ratio of 5.70 and a debt-to-equity ratio of 358.10. The company has a 50-day moving average price of C$29.16 and a 200 day moving average price of C$32.29. The stock has a market cap of C$11.22 billion, a PE ratio of 38.30, a P/E/G ratio of 2.97 and a beta of 0.66.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. The company had revenue of C$879.58 million for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. Equities research analysts anticipate that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Element Fleet Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.15 dividend. 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 presently 52.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EFN shares. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a report 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 on the stock in a research note on Friday, May 8th. TD Securities decreased 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 report on Wednesday, February 25th. TD lowered their target price on shares of 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. Finally, Raymond James Financial cut shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$42.50 to C$42.00 in a report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.