Element Fleet Management (TSE:EFN) Sets New 12-Month Low – Here’s Why

Element Fleet Management Corp. (TSE:EFNGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$25.26 and last traded at C$25.37, with a volume of 47870 shares changing hands. The stock had previously closed at C$25.70.

Element Fleet Management Price Performance

The firm has a market cap of C$9.92 billion, a P/E ratio of 34.24, a PEG ratio of 2.97 and a beta of 0.46. 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. The company’s 50-day moving average is C$29.01 and its two-hundred day moving average is C$29.69.

Element Fleet Management (TSE:EFNGet Free Report) 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 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. Sell-side analysts anticipate that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 2.4%. Element Fleet Management’s dividend payout ratio (DPR) is 54.26%.

Insiders Place Their Bets

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the business’s stock in a transaction dated 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 transaction, the insider 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 ownership of the stock. Also, Director George Keith Graham bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of C$28.00 per share, with a total value of C$56,000.00. Following the acquisition, the director directly owned 27,000 shares of the company’s stock, valued at approximately C$756,000. The trade was a 8.00% increase in their position. In the last three months, insiders have bought 38,420 shares of company stock worth $1,073,612. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

(Get Free Report)

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.

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