Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$142,480.00 in Stock

Element Fleet Management Corp. (TSE:EFN - Get Free Report) Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$27.40, for a total transaction of C$142,480.00.

Element Fleet Management Trading Up 4.4 %

Shares of TSE EFN traded up C$1.20 during midday trading on Monday, reaching C$28.31. 827,457 shares of the stock were exchanged, compared to its average volume of 549,399. The company has a 50 day simple moving average of C$28.66 and a 200 day simple moving average of C$26.37. The stock has a market capitalization of C$11.43 billion, a P/E ratio of 21.18, a PEG 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 twelve month low of C$20.69 and a twelve month high of C$30.04.

Element Fleet Management Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. Element Fleet Management's payout ratio is currently 37.50%.

Analysts Set New Price Targets

Several research firms recently weighed in on EFN. National Bankshares upped their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday. TD Securities upped 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. Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. CIBC upped 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. Finally, Jefferies Financial Group downgraded shares of Element Fleet Management from a "buy" rating to a "hold" rating and cut their price objective for the company from C$32.00 to C$30.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$33.50.

About Element Fleet Management

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.