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Video: What is a Stock Split?


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Air T is a holding company. Co. operates subsidiaries in three key segments: overnight air cargo, which operates in the air express delivery services industry; ground equipment sales, which manufactures and provides mobile deicers and other products to passenger and cargo airlines, airports, and other customers; and ground support services, which provides ground support equipment maintenance and facilities maintenance services to airlines and aviation service providers. Co. also has three other segments: leasing, which provides funding for equipment leasing transactions; printing equipment and maintenance, which focuses on print production equipment; and commercial jet engines and parts. According to our Air T stock split history records, Air T has had 1 split.
Air T stock split history picture
Air T (AIRT) has 1 split in our Air T stock split history database. The 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.

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 Air T stock split history from start to finish, an original position size of 1000 shares would have turned into 200 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 Air T stock split history. Air T split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 04/24/2008
End date: 04/23/2018
Start price/share: $9.39
End price/share: $26.85
Starting shares: 1,064.96
Ending shares: 1,276.79
Dividends reinvested/share: $1.76
Total return: 242.82%
Average Annual Total Return: 13.11%
Starting investment: $10,000.00
Ending investment: $34,289.14
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/24/2008
End date: 04/23/2018
Start price/share: $9.39
End price/share: $26.85
Dividends collected/share: $1.76
Total return: 204.69%
Average Annual Total Return: 11.78%
Starting investment: $10,000.00
Ending investment: $30,463.06
Years: 10.00
Date Ratio
05/16/19941 for 5
AIRT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

AIT Split History
AL Split History
ALK Split History
ALTI Split History
AME Split History
AMSC Split History
APH Split History
ARCW Split History
ARG Split History
ARTW Split History

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