George Keith Graham Purchases 2,000 Shares of Element Fleet Management (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Director George Keith Graham acquired 2,000 shares of Element Fleet Management stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of C$28.00 per share, with a total value of C$56,000.00. Following the purchase, the director directly owned 27,000 shares in the company, valued at approximately C$756,000. The trade was a 8.00% increase in their position.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$28.34 on Friday. Element Fleet Management Corp. has a 52-week low of C$25.32 and a 52-week high of C$38.26. The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10. The stock has a market cap of C$11.22 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66. The business has a 50-day simple moving average of C$29.16 and a 200-day simple moving average of C$32.29.

Element Fleet Management (TSE:EFN) last posted its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The firm had revenue of C$879.58 million for the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%. On average, equities analysts expect that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Element Fleet Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Element Fleet Management’s dividend payout ratio (DPR) is presently 52.84%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD decreased 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. Raymond James Financial lowered shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$42.50 to C$42.00 in a research report on Thursday, May 7th. Royal Bank Of Canada cut their price objective on shares of 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. TD Securities decreased their price objective on shares of 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. Finally, Jefferies Financial Group raised shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$41.88.

Element Fleet Management Company Profile

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.