Element Fleet Management (TSE:EFN) Hits New 1-Year Low - Should You Sell?

Key Points

• Element Fleet Management shares fell 2.1% to C$21.81, reaching a new 52-week low and trading well below their 50-day and 200-day moving averages.
• The company reported quarterly EPS of C$0.48 on revenue of C$451.94 million, with a 12.17% net margin and 10.57% return on equity. Analysts expect full-year EPS of approximately C$1.69.
• Insider activity was mixed: insider Jacob Eisenberg sold 90,855 shares, while Jose Manuel Tamayo bought 2,343 shares. Company insiders collectively own just 0.26% of the stock.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as C$21.80 and last traded at C$21.81, with a volume of 184225 shares changing hands. The stock had previously closed at C$22.32.

Element Fleet Management Trading Down 2.1%

The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23. The firm has a market capitalization of C$8.55 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.97 and a beta of 0.60. The business's 50-day simple moving average is C$26.73 and its two-hundred day simple moving average is C$28.58.

Element Fleet Management (TSE:EFN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. The business had revenue of C$451.94 million during the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. Equities analysts forecast that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Insider Buying and Selling at Element Fleet Management

In other news, insider Jacob Eisenberg sold 90,855 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total value 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 approximately C$1,704,195.22. This represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo acquired 2,343 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the transaction, the insider directly owned 3,844 shares in the company, valued at C$95,139. This trade represents a 156.10% increase in their position. 0.26% of the stock is owned by company insiders.

Element Fleet Management Company Profile

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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