Insider Buying: Element Fleet Management Corp. (TSE:EFN) Senior Officer Acquires C$71,950.00 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were bought 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 bought 10,500 shares of Element Fleet Management stock. The shares were purchased at an average cost of C$28.70 per share, for a total transaction of C$301,350.00.

Element Fleet Management Stock Down 0.7 %

Shares of TSE EFN opened at C$28.99 on Thursday. The stock has a market capitalization of C$11.70 billion, a P/E ratio of 22.65, a PEG ratio of 2.97 and a beta of 0.91. 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 firm’s 50 day simple moving average is C$29.10 and its two-hundred day simple moving average is C$27.43.

Element Fleet Management Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. National Bankshares raised their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Raymond James upped their target price on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. TD Securities lifted their price target 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. Finally, CIBC upped their price objective on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Element Fleet Management currently has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Company Profile

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.