Peter Allen Drutz Sells 5,000 Shares of Savaria Co. (SIS) Stock

Savaria Co. (TSE:SIS) Director Peter Allen Drutz sold 5,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$17.81, for a total value of C$89,050.00.

Shares of Savaria Co. (SIS) traded down C$0.14 during trading on Friday, hitting C$17.55. The stock had a trading volume of 95,000 shares, compared to its average volume of 89,434. Savaria Co. has a 1 year low of C$10.18 and a 1 year high of C$18.23.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. Savaria’s dividend payout ratio is currently 80.56%.

SIS has been the topic of a number of recent analyst reports. Laurentian reduced their target price on Savaria from C$18.50 to C$17.50 in a research note on Friday, August 11th. Desjardins restated a “buy” rating and set a C$16.50 price target on shares of Savaria in a research note on Wednesday, October 18th. Finally, National Bank Financial raised their price target on Savaria from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research note on Wednesday, November 15th.

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Savaria Company Profile

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.

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