Element Fleet Management (TSE:EFN) Insider Laura Lee Dottori-Attanasio Purchases 35,800 Shares

Element Fleet Management Corp. (TSE:EFN) insider Laura Lee Dottori-Attanasio acquired 35,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of C$27.94 per share, with a total value of C$1,000,252.00. Following the acquisition, the insider owned 397,600 shares of the company’s stock, valued at approximately C$11,108,944. This trade represents a 9.89% increase in their position.

Element Fleet Management Trading Up 0.4%

EFN opened at C$27.99 on Thursday. The firm’s fifty day moving average is C$29.20 and its two-hundred day moving average is C$32.35. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01. The firm has a market cap of C$11.08 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.66. Element Fleet Management Corp. has a twelve month low of C$25.32 and a twelve month high of C$38.26.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. The company had revenue of C$879.58 million during the quarter. Equities research analysts anticipate that Element Fleet Management Corp. will post 1.6884016 EPS for the current year.

Element Fleet Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

EFN has been the topic of a number of research analyst reports. Jefferies Financial Group raised Element Fleet Management from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. TD Securities decreased their price objective on 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. Royal Bank Of Canada lowered their target price on Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. TD dropped their target price on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Raymond James Financial lowered shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from C$42.50 to C$42.00 in a research note on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$41.88.

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. 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.