Element Fleet Management (TSE:EFN) Sets New 52-Week Low – Should You Sell?

Element Fleet Management Corp. (TSE:EFN)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$24.49 and last traded at C$24.49, with a volume of 342695 shares changing hands. The stock had previously closed at C$24.82.

Element Fleet Management Trading Down 1.4%

The company has a 50-day moving average of C$28.10 and a 200 day moving average of C$29.11. 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. The company has a market cap of C$9.58 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.97 and a beta of 0.46.

Element Fleet Management (TSE:EFN) last posted 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 during the quarter. Analysts predict that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Element Fleet Management Announces Dividend

The company 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. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 30th. Element Fleet Management’s dividend payout ratio (DPR) is 54.26%.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, insider Jose Manuel Tamayo bought 2,343 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of C$24.75 per share, for a total transaction of C$57,989.25. Following the completion of the transaction, the insider directly owned 3,844 shares of the company’s stock, valued at approximately C$95,139. This represents a 156.10% increase in their ownership of the stock. Also, insider Jacob Eisenberg sold 90,855 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value 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 ownership of the stock. 0.26% of the stock is currently owned by insiders.

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.