Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez Sells 5,200 Shares

Element Fleet Management Corp. (TSE:EFN) Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$27.40, for a total transaction of C$142,480.00.

Element Fleet Management Price Performance

The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The company has a market cap of C$11.43 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91. The company’s 50-day moving average price is C$28.66 and its 200-day moving average price is C$26.37. Element Fleet Management Corp. has a 52 week low of C$20.69 and a 52 week high of C$30.04.

Element Fleet Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, September 27th. Element Fleet Management’s dividend payout ratio is presently 37.50%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. TD Securities lifted their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Scotiabank cut their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. National Bankshares lifted their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th. Finally, CIBC upped their price objective on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company 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.