Insider Selling: Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$1,009,920.00 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total value of C$1,009,920.00.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$28.97 on Friday. The company has a market capitalization of C$11.69 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. 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 Corp. has a one year low of C$20.94 and a one year high of C$30.49. The company’s 50-day moving average is C$29.15 and its 200 day moving average is C$27.16.

Element Fleet Management Dividend Announcement

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

Analyst Upgrades and Downgrades

EFN has been the subject of a number of research analyst reports. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and lowered their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. TD Securities raised their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. CIBC boosted their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Raymond James increased their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Finally, National Bankshares boosted their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.