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Air T (AIRT) has 2 splits in our AIRT split history database. The first split for AIRT took place on May 16, 1994. This was a 1 for 5 reverse split, meaning for each 5 shares of AIRT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. AIRT's second split took place on June 11, 2019. This was a 3 for 2 split, meaning for each 2 shares of AIRT owned pre-split, the shareholder now owned 3 shares. For example, a 200 share position pre-split, became a 300 share position following the split.
When a company such as Air T splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Air T conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AIRT split history from start to finish, an original position size of 1000 shares would have turned into 300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Air T shares, starting with a $10,000 purchase of AIRT, presented on a split-history-adjusted basis factoring in the complete AIRT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||10.80%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||10.38%|
|About Air T|
|Air T is a holding company. Through its subsidiaries, Co. operates the following segments: overnight air cargo, which operates in the air express delivery services industry; ground equipment sales, which manufactures and provides mobile deicers and other equipment products; commercial jet engines and parts, which manages aviation assets, supplies surplus and aftermarket commercial jet engines and jet engine components, provides commercial aircraft disassembly/part-out services, commercial aircraft parts sales, procurement services and overhaul and repair services to airlines and commercial aircraft companies; and corporate and other, which provides maintenance and insurance services. According to our AIRT split history records, Air T has had 2 splits.|
|AIRT Split History Table|
|05/16/1994||1 for 5|
|06/11/2019||3 for 2|
|Industrials Stock Splits|
|AIRT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AIRT shares outstanding history