Element Fleet Management Corp. (TSE:EFN) Senior Officer Sells C$314,777.10 in Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total value of C$314,777.10.

Carlos David Madrigal Gonzalez also recently made the following trade(s):

• On Thursday, March 13th, Carlos David Madrigal Gonzalez acquired 2,107 shares of Element Fleet Management stock. The stock was purchased at an average price of C$27.06 per share, with a total value of C$57,010.36.

Element Fleet Management Stock Performance

EFN opened at C$31.56 on Friday. The company has a fifty day moving average of C$29.13 and a 200 day moving average of C$28.99. Element Fleet Management Corp. has a fifty-two week low of C$22.19 and a fifty-two week high of C$31.93. The stock has a market capitalization of C$9.05 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04.

Element Fleet Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.65%. This is an increase from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. Element Fleet Management’s dividend payout ratio (DPR) is 39.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. National Bankshares reduced their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group dropped their price target on Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. Raymond James lifted their price objective on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. CIBC upped their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised shares of Element Fleet Management to a “hold” rating in a research report on Sunday, April 20th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.38.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.