Element Fleet Management (TSE:EFN) Hits New 12-Month Low - Here's What Happened

Key Points

• Element Fleet Management shares hit a new 52-week low, falling to C$24.77 and last trading at C$24.80, below the 50-day and 200-day moving averages.
• The company reported quarterly EPS of C$0.48 on revenue of C$451.94 million, alongside a quarterly dividend of C$0.15, or C$0.60 annualized, yielding approximately 2.4%.
• Insider Jacob Eisenberg sold 90,855 shares for about C$2.39 million, reducing his direct ownership by 58.33%; insiders collectively own 0.26% of the company.

Element Fleet Management Corp. (TSE:EFN - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as C$24.77 and last traded at C$24.80, with a volume of 132965 shares trading hands. The stock had previously closed at C$25.05.

Element Fleet Management Stock Performance

The company has a market cap of C$9.78 billion, a P/E ratio of 33.76, a PEG ratio of 2.97 and a beta of 0.46. 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 50 day moving average of C$28.59 and a 200-day moving average of C$29.38.

Element Fleet Management (TSE:EFN - Get Free Report) last announced its earnings results 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%. As a group, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Element Fleet Management's dividend payout ratio (DPR) is currently 54.26%.

Insider Activity at Element Fleet Management

In other news, insider Jacob Eisenberg sold 90,855 shares of Element Fleet Management stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the completion of the sale, the insider directly owned 64,897 shares in the company, valued at approximately C$1,704,195.22. The trade was a 58.33% decrease in their ownership of the stock. Insiders own 0.26% of the company's stock.

About Element Fleet Management

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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