Carlos David Madrigal Gonzalez Purchases 3,375 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of C$28.92 per share, with a total value 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 transaction of C$142,480.00.

Element Fleet Management Stock Up 1.0 %

Shares of Element Fleet Management stock opened at C$29.72 on Friday. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. Element Fleet Management Corp. has a twelve month low of C$20.76 and a twelve month high of C$30.04. The company has a market cap of C$12.00 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company’s 50 day moving average is C$28.72 and its 200 day moving average is C$26.41.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.62%. Element Fleet Management’s dividend payout ratio (DPR) is currently 37.50%.

Analyst Upgrades and Downgrades

EFN has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. TD Securities lifted 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 note on Thursday, November 14th. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and cut their target price for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th. National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Finally, Raymond James upped their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and a consensus 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.