Element Fleet Management (TSE:EFN) Insider Jose Manuel Tamayo Acquires 2,343 Shares

Element Fleet Management Corp. (TSE:EFN) insider Jose Manuel Tamayo acquired 2,343 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the acquisition, the insider directly owned 3,844 shares in the company, valued at C$95,139. This represents a 156.10% increase in their ownership of the stock.

Element Fleet Management Price Performance

Element Fleet Management stock opened at C$25.20 on Friday. The stock has a market cap of C$9.86 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.46. The company has a debt-to-equity ratio of 357.23, a current ratio of -1,179.03 and a quick ratio of 5.70. Element Fleet Management Corp. has a 1 year low of C$24.55 and a 1 year high of C$38.26. The firm has a 50-day moving average of C$28.40 and a two-hundred day moving average of C$29.27.

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

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 2.4%. Element Fleet Management’s dividend payout ratio is 54.26%.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.