Savaria Co. (SIS) Director Sells C$41,680.00 in Stock

Savaria Co. (TSE:SIS) Director Alain Tremblay sold 2,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of C$20.84, for a total value of C$41,680.00.

Alain Tremblay also recently made the following trade(s):

  • On Wednesday, August 15th, Alain Tremblay sold 100 shares of Savaria stock. The stock was sold at an average price of C$18.15, for a total value of C$1,815.00.

TSE SIS opened at C$20.25 on Thursday. Savaria Co. has a fifty-two week low of C$13.63 and a fifty-two week high of C$20.95.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, August 8th. The company reported C$0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.12 by C$0.02. Savaria had a return on equity of 14.53% and a net margin of 8.58%. The company had revenue of C$64.24 million for the quarter, compared to analyst estimates of C$66.15 million.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Tuesday, October 2nd will be issued a dividend of $0.035 per share. This is a positive change from Savaria’s previous monthly dividend of $0.03. This represents a $0.42 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, October 1st.

Several brokerages recently issued reports on SIS. Desjardins increased their price objective on Savaria from C$20.00 to C$22.00 in a report on Wednesday, July 11th. Cormark increased their price objective on Savaria from C$20.00 to C$21.00 in a report on Wednesday, September 5th. Finally, National Bank Financial raised their target price on Savaria from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

Further Reading: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for Savaria (TSE:SIS)

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