Insider Selling: Savaria Co. (TSE:SIS) Director Sells 25,000 Shares of Stock

Savaria Co. (TSE:SIS) Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00.

Savaria Stock Performance

SIS stock traded down C$0.26 on Friday, reaching C$21.70. 172,876 shares of the company were exchanged, compared to its average volume of 67,729. The firm has a market capitalization of C$1.54 billion, a PE ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89. Savaria Co. has a 12 month low of C$12.21 and a 12 month high of C$22.00. The stock’s fifty day moving average price is C$19.62 and its 200 day moving average price is C$18.07. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The company had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million. On average, research analysts anticipate that Savaria Co. will post 1.1890411 EPS for the current fiscal year.

Savaria Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a $0.045 dividend. This is a boost from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 annualized dividend and a yield of 2.49%. Savaria’s dividend payout ratio is 83.08%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Desjardins boosted their target price on Savaria from C$23.50 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Raymond James boosted their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. National Bankshares raised their target price on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. TD Securities lifted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$24.07.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.