James Halliday Sells 8,700 Shares of Element Fleet Management Corp. (TSE:EFN) Stock

Element Fleet Management Corp. (TSE:EFN) Senior Officer James Halliday sold 8,700 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$21.00, for a total value of C$182,700.00.

Element Fleet Management Price Performance

EFN stock traded up C$0.08 on Monday, hitting C$20.98. 21,098 shares of the company’s stock traded hands, compared to its average volume of 741,674. The stock has a market cap of C$8.16 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 2.97 and a beta of 0.76. Element Fleet Management Corp. has a 1-year low of C$17.00 and a 1-year high of C$21.90. The stock has a fifty day moving average of C$19.64 and a 200-day moving average of C$20.17. The company has a current ratio of 6.64, a quick ratio of 5.70 and a debt-to-equity ratio of 270.33.

Element Fleet Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, December 28th. This is a positive change from Element Fleet Management’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.29%. Element Fleet Management’s payout ratio is 44.44%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Securities upped their price objective on Element Fleet Management from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. CIBC raised their price target on shares of Element Fleet Management from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Raymond James lowered their price target on Element Fleet Management from C$27.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 7th. Royal Bank of Canada increased their price objective on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, National Bankshares increased their price target on Element Fleet Management from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$26.43.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. It offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.