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 firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$17.81, for a total transaction of C$89,050.00.

Savaria Co. (SIS) traded down C$0.02 during trading hours on Wednesday, hitting C$17.60. 178,672 shares of the stock were exchanged, compared to its average volume of 89,443. Savaria Co. has a 12 month low of C$10.18 and a 12 month 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 given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, November 1st. Savaria’s dividend payout ratio is 80.56%.

SIS has been the topic of several recent research reports. Desjardins raised their price objective on shares of Savaria from C$17.50 to C$18.50 in a research report on Thursday, November 16th. Laurentian cut their price objective on shares of Savaria from C$18.50 to C$17.50 in a research report on Friday, August 11th. Finally, National Bank Financial lifted their price target on shares of Savaria from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, November 15th.

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About Savaria

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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