Insider Selling: Element Fleet Management (TSE:EFN) Insider Sells 67,102 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) insider James Halliday sold 67,102 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$28.07, for a total transaction of C$1,883,553.14. Following the transaction, the insider owned 54,301 shares of the company’s stock, valued at approximately C$1,524,229.07. The trade was a 55.27% decrease in their position.

James Halliday also recently made the following trade(s):

• On Tuesday, June 16th, James Halliday bought 620 shares of Element Fleet Management stock. The shares were purchased at an average price of C$28.00 per share, with a total value of C$17,360.00.

Element Fleet Management Stock Up 3.1%

Shares of EFN stock traded up C$0.87 on Wednesday, reaching C$28.74. 1,236,618 shares of the stock were exchanged, compared to its average volume of 1,005,004. The company has a current ratio of -1,554.01, a quick ratio of 5.70 and a debt-to-equity ratio of 358.10. The business’s 50 day moving average price is C$29.27 and its 200 day moving average price is C$32.42. The company has a market capitalization of C$11.38 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 2.97 and a beta of 0.66. Element Fleet Management Corp. has a twelve month low of C$25.32 and a twelve month high of C$38.26.

Element Fleet Management (TSE:EFN) last issued its earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 EPS for the quarter. The firm had revenue of C$879.58 million during the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. As a group, sell-side analysts expect that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Element Fleet Management’s dividend payout ratio (DPR) is 52.84%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Securities decreased their price objective on shares of Element Fleet Management from C$42.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Raymond James Financial downgraded shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from C$42.50 to C$42.00 in a research note on Thursday, May 7th. TD decreased their price objective on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group upgraded shares of Element Fleet Management from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada decreased their price objective on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$41.88.

About Element Fleet Management

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.