Insider Selling: Element Fleet Management (TSE:EFN) Insider Sells C$2,385,852.30 in Stock

Element Fleet Management Corp. (TSE:EFN) insider Jacob Eisenberg sold 90,855 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was 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 C$1,704,195.22. This trade represents a 58.33% decrease in their ownership of the stock.

Element Fleet Management Stock Performance

Shares of EFN opened at C$26.35 on Friday. Element Fleet Management Corp. has a 52 week low of C$25.32 and a 52 week high of C$38.26. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The company has a market capitalization of C$10.31 billion, a PE ratio of 35.61, a PEG ratio of 2.97 and a beta of 0.61. The company’s 50 day moving average price is C$29.14 and its 200 day moving average price is C$29.83.

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

Element Fleet Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Element Fleet Management’s payout ratio is 54.26%.

Analyst Ratings Changes

A number of equities analysts recently commented on EFN shares. TD dropped their price objective on Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada reduced 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. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$42.14.

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. 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.