Latest news with #ElementFleetManagement
Yahoo
16-05-2025
- Business
- Yahoo
Element Fleet Management Corp.'s (TSE:EFN) largest shareholders are individual investors with 51% ownership, institutions own 49%
Element Fleet Management's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 43% of the business is held by the top 25 shareholders Recent sales by insiders Our free stock report includes 2 warning signs investors should be aware of before investing in Element Fleet Management. Read for free now. To get a sense of who is truly in control of Element Fleet Management Corp. (TSE:EFN), it is important to understand the ownership structure of the business. We can see that individual investors own the lion's share in the company with 51% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Institutions, on the other hand, account for 49% of the company's stockholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Let's delve deeper into each type of owner of Element Fleet Management, beginning with the chart below. See our latest analysis for Element Fleet Management Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Element Fleet Management. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Element Fleet Management's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in Element Fleet Management. T. Rowe Price Group, Inc. is currently the largest shareholder, with 10% of shares outstanding. In comparison, the second and third largest shareholders hold about 3.8% and 3.6% of the stock. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own less than 1% of Element Fleet Management Corp.. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own CA$23m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a substantial 51% stake in Element Fleet Management, suggesting it is a fairly popular stock. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. It's always worth thinking about the different groups who own shares in a company. But to understand Element Fleet Management better, we need to consider many other factors. For example, we've discovered 2 warning signs for Element Fleet Management (1 can't be ignored!) that you should be aware of before investing here. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
02-05-2025
- Automotive
- Hamilton Spectator
Element Announces Annual Meeting Voting Results
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) ('Element' or the 'Company'), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated March 19, 2025 were elected as directors at the Annual Meeting of Shareholders held on May 2, 2025 (the 'Meeting'), with each director receiving strong support as demonstrated by the results below. A total of 349,202,443 common shares (approximately 86.53% of the outstanding common shares) were represented in person or by proxy at the Meeting. 'We would like to thank our shareholders for their engagement, as demonstrated by turnout of over 86% of shares voted, and also for their continued support as evidenced by the strong voting outcomes,' said Kathleen Taylor, Chair of the Board. The detailed results of the vote for the election of directors at the Meeting are set out below: In addition, shareholders approved an advisory resolution (say on pay) on executive compensation with 97.51% of votes cast in favour of the resolution, and approved the re-appointment of Ernst & Young LLP as the Company's independent auditors. For complete results on all matters voted on at the Meeting, see Element's Report of Voting Results filed on the Company's SEDAR+ profile at . About Element Fleet Management Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients' fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element's expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients' fleet so they can focus on growing their business. For more information, please visit: Contact: This press release includes forward-looking statements regarding Element and its business. Such statements are based on management's current expectations and views of future events. In some cases the forward-looking statements can be identified by words or phrases such as 'may', 'will', 'expect', 'plan', 'anticipate', 'intend', 'potential', 'estimate', 'believe' or the negative of these terms, or other similar expressions intended to identify forward-looking statements. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the fleet management and finance industries, economic factors, regulatory landscape and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element's annual MD&A, and Annual Information Form for the year ended December 31, 2024, each of which has been filed on SEDAR+ and can be accessed at . Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Yahoo
02-05-2025
- Automotive
- Yahoo
Element Announces Annual Meeting Voting Results
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) ('Element' or the 'Company'), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated March 19, 2025 were elected as directors at the Annual Meeting of Shareholders held on May 2, 2025 (the 'Meeting'), with each director receiving strong support as demonstrated by the results below. A total of 349,202,443 common shares (approximately 86.53% of the outstanding common shares) were represented in person or by proxy at the Meeting. 'We would like to thank our shareholders for their engagement, as demonstrated by turnout of over 86% of shares voted, and also for their continued support as evidenced by the strong voting outcomes,' said Kathleen Taylor, Chair of the Board. The detailed results of the vote for the election of directors at the Meeting are set out below: Votes for % for (of votes cast) Votes withheld % withheld (of votes cast) Virginia Addicott 345,419,049 99.34% 2,280,069 0.66% Laura Dottori-Attanasio 347,680,044 99.99% 19,074 0.01% Paolo Ferrari 347,637,313 99.98% 61,805 0.02% G. Keith Graham 344,482,652 99.07% 3,216,466 0.93% Joan Lamm-Tennant 323,535,370 93.05% 24,163,748 6.95% Rubin J. McDougal 347,674,592 99.99% 24,526 0.01% Tracey McVicar 347,429,704 99.92% 269,414 0.08% Andrea Rosen 343,956,622 98.92% 3,742,496 1.08% Kathleen Taylor 342,901,957 98.62% 4,797,161 1.38% Luis Tellez 344,043,244 98.95% 3,655,874 1.05% In addition, shareholders approved an advisory resolution (say on pay) on executive compensation with 97.51% of votes cast in favour of the resolution, and approved the re-appointment of Ernst & Young LLP as the Company's independent auditors. For complete results on all matters voted on at the Meeting, see Element's Report of Voting Results filed on the Company's SEDAR+ profile at About Element Fleet Management Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients' fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element's expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients' fleet so they can focus on growing their business. For more information, please visit: Contact: Rocco Colella Director, Investor Relations (437) 349-3796 rcolella@ This press release includes forward-looking statements regarding Element and its business. Such statements are based on management's current expectations and views of future events. In some cases the forward-looking statements can be identified by words or phrases such as 'may', 'will', 'expect', 'plan', 'anticipate', 'intend', 'potential', 'estimate', 'believe' or the negative of these terms, or other similar expressions intended to identify forward-looking statements. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the fleet management and finance industries, economic factors, regulatory landscape and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element's annual MD&A, and Annual Information Form for the year ended December 31, 2024, each of which has been filed on SEDAR+ and can be accessed at Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or in to access your portfolio
Yahoo
20-04-2025
- Business
- Yahoo
Can Element Fleet Management Corp.'s (TSE:EFN) ROE Continue To Surpass The Industry Average?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine Element Fleet Management Corp. (TSE:EFN), by way of a worked example. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. We've discovered 1 warning sign about Element Fleet Management. View them for free. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Element Fleet Management is: 14% = US$387m ÷ US$2.8b (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.14. View our latest analysis for Element Fleet Management By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Element Fleet Management has a higher ROE than the average (8.6%) in the Commercial Services industry. That's clearly a positive. With that said, a high ROE doesn't always indicate high profitability. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. That will make the ROE look better than if no debt was used. It appears that Element Fleet Management makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.06. Its ROE is respectable, but it's not so impressive once you consider all of the debt. Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt. But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to take a peek at this data-rich interactive graph of forecasts for the company. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
20-04-2025
- Business
- Yahoo
Can Element Fleet Management Corp.'s (TSE:EFN) ROE Continue To Surpass The Industry Average?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine Element Fleet Management Corp. (TSE:EFN), by way of a worked example. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. We've discovered 1 warning sign about Element Fleet Management. View them for free. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Element Fleet Management is: 14% = US$387m ÷ US$2.8b (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.14. View our latest analysis for Element Fleet Management By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Element Fleet Management has a higher ROE than the average (8.6%) in the Commercial Services industry. That's clearly a positive. With that said, a high ROE doesn't always indicate high profitability. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. That will make the ROE look better than if no debt was used. It appears that Element Fleet Management makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.06. Its ROE is respectable, but it's not so impressive once you consider all of the debt. Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt. But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to take a peek at this data-rich interactive graph of forecasts for the company. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
