Element Fleet Management Corp. (TSE:EFN) Senior Officer Heath Leslie Valkenburg Buys 2,550 Shares

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

Element Fleet Management Price Performance

Shares of Element Fleet Management stock opened at C$28.26 on Thursday. Element Fleet Management Corp. has a 52 week low of C$20.94 and a 52 week high of C$30.49. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The stock has a market cap of C$11.41 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company’s 50-day moving average price is C$29.13 and its two-hundred day moving average price is C$27.27.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued 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 1.70%. Element Fleet Management’s payout ratio is currently 37.50%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Scotiabank lowered their target price on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Raymond James raised their price target on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. National Bankshares upped their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. TD Securities increased 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 research report on Thursday, November 14th. Finally, CIBC boosted 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 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.