Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Purchases 2,500 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio bought 2,500 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$28.78 per share, for a total transaction of C$71,950.00.

Laura Lee Dottori-Attanasio also recently made the following trade(s):

• On Friday, December 13th, Laura Lee Dottori-Attanasio purchased 10,500 shares of Element Fleet Management stock. The shares were bought at an average cost of C$28.70 per share, for a total transaction of C$301,350.00.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$28.99 on Wednesday. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management Corp. has a one year low of C$21.08 and a one year high of C$30.49. The business’s 50 day simple moving average is C$29.11 and its 200 day simple moving average is C$27.42. The stock has a market capitalization of C$11.70 billion, a PE ratio of 22.65, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EFN shares. National Bankshares raised their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Scotiabank cut their price objective on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. Raymond James lifted their price target on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Finally, CIBC upped their price objective on Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. One equities 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 a consensus target price of C$33.50.

About Element Fleet Management

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.