Laura Lee Dottori-Attanasio Purchases 10,500 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Laura Lee Dottori-Attanasio acquired 10,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of C$28.70 per share, with a total value of C$301,350.00.

Element Fleet Management Trading Down 1.3 %

TSE:EFN opened at C$28.60 on Friday. The firm has a fifty day simple moving average of C$29.15 and a two-hundred day simple moving average of C$27.19. Element Fleet Management Corp. has a 12 month low of C$20.94 and a 12 month high of C$30.49. The stock has a market capitalization of C$11.54 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.97 and a beta of 0.91. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14.

Element Fleet Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, September 27th. Element Fleet Management’s payout ratio is 37.50%.

Wall Street Analyst Weigh In

EFN has been the subject of several recent research reports. Jefferies Financial Group cut Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price target for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. Scotiabank decreased their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Raymond James boosted their price target on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. National Bankshares increased their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Finally, TD Securities boosted their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.