Insider Selling: Cargojet Inc. (TSE:CJT) Director Sells 1,440 Shares of Stock

Cargojet Inc. (TSE:CJT) Director Jamie Bennett Porteous sold 1,440 shares of the company’s stock in a transaction on Thursday, June 17th. The shares were sold at an average price of C$176.55, for a total transaction of C$254,232.00. Following the transaction, the director now owns 1,152 shares of the company’s stock, valued at C$203,385.60.

Jamie Bennett Porteous also recently made the following trade(s):

  • On Tuesday, June 15th, Jamie Bennett Porteous acquired 1,440 shares of Cargojet stock. The stock was acquired at an average price of C$176.55 per share, with a total value of C$254,232.00.

CJT opened at C$176.43 on Friday. The stock has a 50-day moving average price of C$178.62. The company has a current ratio of 2.06, a quick ratio of 1.87 and a debt-to-equity ratio of 72.21. Cargojet Inc. has a twelve month low of C$150.58 and a twelve month high of C$250.01. The company has a market cap of C$3.06 billion and a price-to-earnings ratio of 824.44.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, May 3rd. The company reported C$1.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.91 by C$0.71. The company had revenue of C$160.30 million for the quarter, compared to the consensus estimate of C$150.40 million. As a group, sell-side analysts predict that Cargojet Inc. will post 5.8600005 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 5th. Shareholders of record on Monday, July 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, June 21st. Cargojet’s dividend payout ratio is currently 485.98%.

A number of equities analysts have recently issued reports on the stock. ATB Capital increased their price objective on shares of Cargojet from C$225.00 to C$230.00 and gave the company an “outperform” rating in a research note on Tuesday, May 4th. Cormark restated an “outperform” rating on shares of Cargojet in a research note on Thursday, March 4th. Canaccord Genuity dropped their price objective on shares of Cargojet from C$250.00 to C$200.00 in a research note on Tuesday, March 2nd. National Bankshares dropped their price objective on shares of Cargojet from C$231.00 to C$226.00 in a research note on Tuesday, May 4th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$245.00 target price on shares of Cargojet in a report on Monday, May 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$245.77.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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