Element Fleet Management | StockChase
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Element Fleet Management (EFN-T)

Last Price Recorded: $9.7700 on 2017-11-17

ON STOCKCHASE SINCE Jan 2012

Split into 2 companies Oct 2016. Element Fleet Management (EFN-T) and ECN Capital (ECN-T).


Element Fleet Management


Signal Opinion Expert

2017-11-16

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Feb 21/17. Down 30%.) On a standalone basis going forward, this is a cheap, cheap company. Trading at 9X earnings. Management has been buying stock, which is a very bullish signal. North America’s #1 leading vehicle fleet manager. They provide service for their customers on running their fleets more efficiently. Pays a 3% dividend yield, which is likely going to be increased every year.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $9.660
Owned: Yes

2017-09-27

TOP PICK
Element Fleet Management (EFN-T)

North America’s largest vehicle fleet manager with a growing dominant presence. Over time they are going to increase their margins and bring a lot of value to the customers in a market that is growing. Trading at a single digit PE. Dividend yield of 3.2%. (Analysts’ price target is $10.25.)

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $9.300
Owned: Yes

2017-08-01

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Sept 6/16.) Split into 2 companies. ECN Capital (ECN-T) was up 21%, while Element Fleet Management (EFN-T) was down 11%. He likes both.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $9.650
Owned: Yes

2017-07-13

DON'T BUY
Element Fleet Management (EFN-T)

It has been a difficult one.  It split from its ECN and is now trading as two separate elements.  There was suspicions that a short seller would go after them.  People are concerned about the direction of the company.  It will be reasonably sensitive to US economic conditions. 

Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $8.950
Owned: Unknown

2017-07-04

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick June 15/16. Down 21.49%.) This was split in two. The ECN piece, if you held it which he has, has gone from $3 to $4. If you had those pieces back, it would still be down, but only half of what is shown.

Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $9.000
Owned: Yes

2017-06-02

DON'T BUY
Element Fleet Management (EFN-T)

He doesn’t play with financials that don’t have access to the Bank of Canada. When their funding dries up or comes into question, there is nowhere for the stock to go except down. He is suspect of this whole thing. He has had 2 Sell signals since February. If there was any kind of a rally, he would Sell your holdings.

Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $9.370
Owned: Unknown

2017-05-31

COMMENT
Element Fleet Management (EFN-T)

There was a rumour that Muddy Waters was going to come out with a scathing Short recommendation on this, dropping the stock by 39%. That was incorrect. The company owns fleets of railcars, commercial jets and industrial equipment.

Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $8.560
Owned: No

2017-05-24

COMMENT
Element Fleet Management (EFN-T)

When the original company split, he was more constructive on this side of the 2. A good business. Incremental revenues on solid, long term contracts. They lost a bit of credibility with the street and need to make it back. If they generate good cash flow, you could see a dividend rise. He is just going to wait and see.

Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $10.870
Owned: No

2017-05-15

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick March 15/16. Down 3%.) This was split into 2 companies, with ECN Capital being the other side. ECN is up 16%. These are growth stories that are still proving themselves out. They have another year or 2 or 5 of the growth.

Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $11.090
Owned: Yes

2017-02-24

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick May 24/16. Up 14.19%.) The separation into 2 companies has led to value creation. They are seeing a great resurgence in the US economy, which is helping.

Andrey Omelchak

President & CIO, LionGuard Capital Management

Price: $14.040
Owned: Yes

2017-02-21

TOP PICK
Element Fleet Management (EFN-T)

This is one of 2 parts that was spun out from the old Element Financial. North America’s leading fleet manager and growing organically as well as rolling up other fleet managers over time. They also have some fleet management in other parts of the world. Also, have a lot of peripheral services that they can provide to customers. Trading at 11X next year’s earnings. Dividend yield of 0.71%, which will probably be increased every year. He can see 40% upside from here. (Analysts’ price target is $14.66.)

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $14.030
Owned: Yes

2017-01-19

SELL
Element Fleet Management (EFN-T)

Had owned this before the split and did okay on it. CEO couldn’t consolidate the fleet business more aggressively and there wasn’t a lot of growth, so he split the companies and then proposed the structure. Thinks it was completely full of conflicts of interest. The investment community is supporting this because the CEO is a wonderful guy in promoting things. Sold his holdings, because he won’t invest in companies where he doesn’t have confidence in the management team. This has been a massive destruction of shareholder value.

John O'Connell, CFA

Chairman and CEO, Davis Rea

Price: $12.130
Owned: No

2016-12-30

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Dec 31/15. Down 5.49%.) Sold his holdings well before the split happened. Felt management was not executing as well as they had promised.

Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $12.460
Owned: No

2016-12-29

PAST TOP PICK
Element Fleet Management (EFN-T)

(Top Pick Sep 8/16, Up 9.07%) There is still upside on their multiple.  They are still growing on the fee side of the business – fuel cards and so on.  The dividend is sending a signal about the stability of this business.  He thinks they will increase the dividend by at least 10% in the first few weeks of 2017.

Steve Belisle

Senior Portfolio Manager & Managing Director, Manulife Asset Management

Price: $12.360
Owned: Yes

2016-12-05

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Dec 7/15. Down 9.54%.) Broke into 2 pieces. One is Element Financial and the other is Element Fleet Management (EFN-T), North America’s biggest fleet management. The other is ECN Capital (ECN-T) with railcar and equipment leasing. They missed in the last quarter which is why the stock seemed a little weak, but the long-term growth story in both companies is excellent, and he has been adding both to his portfolio.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $11.780
Owned: Yes

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