Element Fleet Management (TSE:EFN) Reaches New 1-Year Low - Time to Sell?

Key Points

• Element Fleet Management shares hit a new 52-week low, falling to C$24.49 compared with a previous close of C$24.82. The stock remains below its 50-day and 200-day moving averages of C$28.10 and C$29.11, respectively.
• The company reported quarterly revenue of C$451.94 million and earnings of C$0.48 per share, while analysts expect full-year EPS of approximately C$1.69. Element also pays a quarterly dividend of $0.15 per share, representing a 2.5% yield and a 54.26% payout ratio.
• Insider activity was mixed: insider Jacob Eisenberg sold 90,855 shares, reducing his position by 58.33%, while Jose Manuel Tamayo purchased 2,343 shares. Insiders collectively own just 0.26% of the company.

Shares of Element Fleet Management Corp. (TSE:EFN - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$24.49 and last traded at C$24.49, with a volume of 342695 shares trading hands. The stock had previously closed at C$24.82.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The firm's fifty day moving average is C$28.10 and its two-hundred day moving average is C$29.11. The company has a market cap of C$9.58 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.97 and a beta of 0.46.

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

Element Fleet Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Element Fleet Management's dividend payout ratio (DPR) is presently 54.26%.

Insiders Place Their Bets

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at C$1,704,195.22. This trade represents a 58.33% decrease in their position. Also, insider Jose Manuel Tamayo acquired 2,343 shares of Element Fleet Management stock in a transaction on Wednesday, September 16th. The stock was purchased at an average cost of C$24.75 per share, for a total transaction of C$57,989.25. Following the purchase, the insider owned 3,844 shares in the company, valued at approximately C$95,139. The trade was a 156.10% increase in their ownership of the stock. Insiders own 0.26% of the company's stock.

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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