Luis Manuel Enrique Tellez Kuenzler Acquires 4,300 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of Element Fleet Management stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of C$31.58 per share, with a total value of C$135,781.10.

Element Fleet Management Price Performance

EFN stock opened at C$31.89 on Thursday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The company’s fifty day moving average price is C$29.40 and its 200-day moving average price is C$29.06. Element Fleet Management Corp. has a one year low of C$22.93 and a one year high of C$31.95. The company has a market capitalization of C$9.14 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. This is a boost from Element Fleet Management’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Element Fleet Management’s payout ratio is 39.84%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. CIBC boosted their price target on 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. Keefe, Bruyette & Woods raised Element Fleet Management to a “hold” rating in a research report on Sunday, April 20th. Raymond James increased their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. BMO Capital Markets raised their target price on shares of Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Finally, National Bankshares dropped their price target 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. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.