Cargojet Inc (CJT) Insider Ajay Kumar Virmani Sells 9,500 Shares
Cargojet Inc (TSE:CJT) insider Ajay Kumar Virmani sold 9,500 shares of Cargojet stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$50.46, for a total value of C$479,370.00.
Ajay Kumar Virmani also recently made the following trade(s):
- On Wednesday, September 27th, Ajay Kumar Virmani sold 3,900 shares of Cargojet stock. The shares were sold at an average price of C$50.77, for a total value of C$198,003.00.
- On Friday, September 29th, Ajay Kumar Virmani sold 7,366 shares of Cargojet stock. The shares were sold at an average price of C$50.31, for a total value of C$370,583.46.
- On Tuesday, August 22nd, Ajay Kumar Virmani sold 4,992 shares of Cargojet stock. The shares were sold at an average price of C$48.44, for a total value of C$241,812.48.
Shares of Cargojet Inc (CJT) traded up 0.20% on Friday, reaching $50.48. The company’s stock had a trading volume of 11,455 shares. The firm has a 50-day moving average price of $49.66 and a 200 day moving average price of $47.14. The firm has a market capitalization of $643.37 million and a PE ratio of 467.41. Cargojet Inc has a one year low of $41.51 and a one year high of $53.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.192 per share. This represents a $0.77 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, September 19th. This is a boost from Cargojet’s previous quarterly dividend of $0.12.
CJT has been the subject of a number of recent research reports. CIBC lifted their price objective on Cargojet from C$55.00 to C$56.00 in a research note on Wednesday, August 9th. National Bank Financial cut Cargojet from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$51.00 to C$53.00 in a research note on Thursday, August 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$55.40.
Cargojet Company Profile
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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