Element Fleet Management (TSE:EFN) Reaches New 1-Year Low – What’s Next?

Element Fleet Management Corp. (TSE:EFN) shares reached a new 52-week low on Wednesday. The stock traded as low as C$24.49 and last traded at C$24.49, with a volume of 342695 shares changing hands. The stock had previously closed at C$24.82.

Element Fleet Management Stock Down 0.7%

The stock has a market cap of C$9.25 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.46. The firm’s fifty day moving average price is C$27.86 and its two-hundred day moving average price is C$29.00. The company has a debt-to-equity ratio of 357.23, a current ratio of -1,179.03 and a quick ratio of 5.70.

Element Fleet Management (TSE:EFN) last issued its earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%.The business had revenue of C$451.94 million during the quarter. Sell-side analysts forecast that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Element Fleet Management’s payout ratio is currently 54.26%.

Insider Buying and Selling

In other news, insider Jose Manuel Tamayo bought 2,343 shares of the stock in a transaction dated Wednesday, September 16th. The shares were bought at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the transaction, the insider directly owned 3,844 shares of the company’s stock, valued at C$95,139. This trade represents a 156.10% increase in their ownership of the stock. Also, insider Jacob Eisenberg sold 90,855 shares of Element Fleet Management stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the completion of the sale, the insider directly owned 64,897 shares of the company’s stock, valued at approximately C$1,704,195.22. The trade was a 58.33% decrease in their position. 0.26% of the stock is owned by corporate insiders.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.