Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez Acquires 3,375 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez bought 3,375 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$28.92 per share, for a total transaction of C$97,618.50.

Carlos David Madrigal Gonzalez also recently made the following trade(s):

• On Friday, November 15th, Carlos David Madrigal Gonzalez sold 5,200 shares of Element Fleet Management stock. The stock was sold at an average price of C$27.40, for a total value of C$142,480.00.

Element Fleet Management Stock Up 2.0 %

Shares of Element Fleet Management stock traded up C$0.57 during trading on Wednesday, hitting C$29.41. The company’s stock had a trading volume of 360,429 shares, compared to its average volume of 550,684. Element Fleet Management Corp. has a 52 week low of C$20.69 and a 52 week high of C$30.04. The company has a market capitalization of C$11.87 billion, a PE ratio of 22.53, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a fifty day simple moving average of C$28.68 and a two-hundred day simple moving average of C$26.39. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

Element Fleet Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th. Element Fleet Management’s dividend payout ratio is currently 37.50%.

Analyst Ratings Changes

EFN has been the topic of a number of recent research reports. National Bankshares increased their target price on Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Scotiabank dropped their target price on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. BMO Capital Markets increased their price target on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. Royal Bank of Canada lifted their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Raymond James lifted their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.