Element Fleet Management (TSE:EFN) Insider Purchases C$29,999.70 in Stock

Key Points

• Insider Activity: Heath Leslie Valkenburg, an insider at Element Fleet Management, purchased 813 shares at C$36.90 each, totaling about C$29,999.70, increasing his ownership by 24.34%.
• Stock Performance: Element Fleet Management's stock price rose by 0.5%, reaching C$37.14, while maintaining a solid market cap of C$14.91 billion.
• Analyst Ratings: The company received multiple price target upgrades, with projections now ranging from C$40.00 to C$47.00, indicating a consensus rating of "Moderate Buy."

Element Fleet Management Corp. (TSE:EFN - Get Free Report) insider Heath Leslie Valkenburg acquired 813 shares of the stock in a transaction dated Wednesday, September 10th. The shares were bought at an average cost of C$36.90 per share, with a total value of C$29,999.70. Following the completion of the purchase, the insider directly owned 4,153 shares in the company, valued at approximately C$153,245.70. This trade represents a 24.34% increase in their ownership of the stock.

Element Fleet Management Stock Up 0.5%

Element Fleet Management stock traded up C$0.20 during trading on Thursday, reaching C$37.14. 182,247 shares of the company's stock were exchanged, compared to its average volume of 590,993. 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 50-day moving average is C$36.20 and its two-hundred day moving average is C$32.52. The firm has a market cap of C$14.91 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.97 and a beta of 0.54. Element Fleet Management Corp. has a 52-week low of C$25.00 and a 52-week high of C$37.69.

Element Fleet Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a $0.13 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. Element Fleet Management's dividend payout ratio (DPR) is 36.52%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EFN. BMO Capital Markets upped their price target on shares of Element Fleet Management from C$35.00 to C$40.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their target price on Element Fleet Management from C$43.00 to C$47.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Raymond James Financial lifted their target price on shares of Element Fleet Management from C$36.00 to C$40.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Scotiabank raised their price target on shares of Element Fleet Management from C$33.00 to C$40.00 in a research report on Wednesday, July 23rd. Finally, National Bankshares lifted their target price on shares of Element Fleet Management from C$46.00 to C$47.00 in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Element Fleet Management currently has a consensus rating of "Moderate Buy" and a consensus price target of C$40.00.

About Element Fleet Management

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.

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