Yu Xiang Jin Acquires 2,500 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Yu Xiang Jin acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of C$22.02 per share, for a total transaction of C$55,050.00.

Element Fleet Management Price Performance

EFN stock opened at C$21.89 on Friday. Element Fleet Management Corp. has a one year low of C$17.00 and a one year high of C$23.46. The company’s fifty day moving average price is C$22.50 and its 200-day moving average price is C$21.27. The company has a debt-to-equity ratio of 280.50, a quick ratio of 5.70 and a current ratio of 6.78. The company has a market capitalization of C$8.52 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.84.

Element Fleet Management (TSE:EFN) last released its earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.32 by C$0.01. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. The firm had revenue of C$333.36 million for the quarter, compared to the consensus estimate of C$334.92 million. On average, equities analysts anticipate that Element Fleet Management Corp. will post 1.4295866 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, March 27th. Element Fleet Management’s dividend payout ratio is presently 43.24%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. BMO Capital Markets lifted their price target on shares of Element Fleet Management from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Veritas Investment Research reaffirmed a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. CIBC lifted their price target on shares of Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, TD Securities lifted their price target on shares of Element Fleet Management from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.63.

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.