Cargojet Inc (CJT) Insider Sells C$198,003.00 in Stock
Cargojet Inc (TSE:CJT) insider Ajay Kumar Virmani sold 3,900 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of C$50.77, for a total transaction of C$198,003.00.
Ajay Kumar Virmani also recently made the following trade(s):
- On Thursday, September 28th, Ajay Kumar Virmani sold 9,500 shares of Cargojet stock. The shares were sold at an average price of C$50.46, for a total transaction of C$479,370.00.
- 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 transaction of C$370,583.46.
- On Tuesday, August 22nd, Ajay Kumar Virmani sold 4,992 shares of Cargojet stock. The stock was sold at an average price of C$48.44, for a total transaction of C$241,812.48.
Shares of Cargojet Inc (TSE:CJT) opened at 50.48 on Monday. The company has a market capitalization of $643.37 million and a price-to-earnings ratio of 467.41. The stock’s 50 day moving average price is $49.66 and its 200 day moving average price is $47.14. Cargojet Inc has a 1-year low of $41.61 and a 1-year high of $53.52.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.192 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from Cargojet’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, September 19th.
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A number of research firms recently commented on CJT. CIBC boosted their target price on shares of Cargojet from C$55.00 to C$56.00 in a report on Wednesday, August 9th. National Bank Financial lowered shares of Cargojet from an “outperform” rating to a “sector perform” rating and increased their target price 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 stock. The stock currently 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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