Element Fleet Management (TSE:EFN) Insider Jacob Eisenberg Sells 90,855 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) insider Jacob Eisenberg sold 90,855 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the completion of the sale, the insider owned 64,897 shares in the company, valued at approximately C$1,704,195.22. The trade was a 58.33% decrease in their position.

Element Fleet Management Trading Up 0.2%

Shares of Element Fleet Management stock opened at C$26.25 on Thursday. Element Fleet Management Corp. has a twelve month low of C$25.32 and a twelve month high of C$38.26. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23. The business has a 50-day moving average price of C$29.27 and a 200-day moving average price of C$29.90. The firm has a market cap of C$10.27 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.97 and a beta of 0.61.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%.The business had revenue of C$451.94 million for the quarter. Equities research analysts anticipate that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. Element Fleet Management’s payout ratio is 54.26%.

Analyst Upgrades and Downgrades

EFN has been the topic of several analyst reports. TD reduced their price objective on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada dropped 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 report on Friday, May 8th. Finally, Raymond James Financial lowered Element Fleet Management from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$42.50 to C$42.00 in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$42.14.

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.