Element Fleet Management (TSE:EFN) Hits New 52-Week Low – Here’s What Happened

Element Fleet Management Corp. (TSE:EFN)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$24.77 and last traded at C$24.80, with a volume of 132965 shares changing hands. The stock had previously closed at C$25.05.

Element Fleet Management Stock Performance

The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23. The company’s 50-day moving average is C$28.40 and its two-hundred day moving average is C$29.27. The firm has a market cap of C$9.86 billion, a P/E ratio of 34.05, a PEG 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. The firm had revenue of C$451.94 million for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. As a group, equities analysts predict that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Element Fleet Management’s payout ratio is currently 54.26%.

Insider Transactions at Element Fleet Management

In other news, insider Jose Manuel Tamayo acquired 2,343 shares of Element Fleet Management stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the purchase, the insider owned 3,844 shares in the company, valued at approximately C$95,139. The trade was a 156.10% increase in their ownership of the stock. Also, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 64,897 shares in the company, valued at C$1,704,195.22. This represents a 58.33% decrease in their ownership of the stock. 0.26% of the stock is owned by insiders.

About Element Fleet Management

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.