Element Fleet Management (TSE:EFN) Insider Buys 12,900 Shares of Stock

Element Fleet Management Corp. (TSE:EFN) insider Laura Lee Dottori-Attanasio purchased 12,900 shares of the company’s stock in a transaction on Friday, November 6th. The shares were bought at an average price of C$19.25 per share, for a total transaction of C$248,325.00. Following the completion of the transaction, the insider directly owned 505,600 shares in the company, valued at C$9,732,800. This represents a 2.62% increase in their position.

Element Fleet Management Price Performance

Shares of Element Fleet Management stock traded down C$0.05 on Monday, hitting C$20.03. The company had a trading volume of 893,119 shares, compared to its average volume of 1,207,353. The business has a 50-day simple moving average of C$23.15 and a 200-day simple moving average of C$28.71. The company has a debt-to-equity ratio of 359.10, a current ratio of -1,737.58 and a quick ratio of 5.70. The company has a market cap of C$7.78 billion, a PE ratio of 26.71, a PEG ratio of 2.97 and a beta of 0.57. Element Fleet Management Corp. has a 52 week low of C$19.11 and a 52 week high of C$38.00.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported C$0.50 EPS for the quarter. The company had revenue of C$456.57 million for the quarter. Element Fleet Management had a return on equity of 10.87% and a net margin of 12.29%. Research analysts expect that Element Fleet Management Corp. will post 1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on EFN. National Bank Financial dropped their target price on shares of Element Fleet Management from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday. Scotia dropped their price target on Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating on the stock in a research note on Monday, October 26th. TD Securities downgraded Element Fleet Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. RBC Dominion Securities reduced their price objective on shares of Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Raymond James Financial decreased their target price on shares of Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and an average target price of C$32.86.

About Element Fleet Management

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.