Heath Leslie Valkenburg Acquires 2,550 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of C$28.46 per share, for a total transaction of C$72,571.98.

Element Fleet Management Stock Down 1.0 %

EFN stock opened at C$28.44 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. The firm has a market capitalization of C$11.48 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management Corp. has a 52-week low of C$20.94 and a 52-week high of C$30.49. The company’s 50 day simple moving average is C$29.14 and its 200-day simple moving average is C$27.26.

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.69%. 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

A number of research firms have commented on EFN. TD Securities boosted their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Raymond James increased their price target on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. National Bankshares boosted their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Scotiabank cut their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Finally, CIBC lifted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.