Forward Air Corporation (NASDAQ:FWRD) Chairman Bruce A. Campbell Sells 28,744 Shares

Forward Air Corporation (NASDAQ:FWRD) Chairman Bruce A. Campbell sold 28,744 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.25, for a total transaction of $1,616,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Forward Air Corporation (NASDAQ FWRD) opened at $57.80 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.71 and a quick ratio of 2.71. Forward Air Corporation has a 52-week low of $45.86 and a 52-week high of $59.97. The firm has a market cap of $1,720.00, a P/E ratio of 25.27 and a beta of 1.18.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Forward Air had a net margin of 6.10% and a return on equity of 13.76%. The business had revenue of $280.20 million for the quarter, compared to the consensus estimate of $278.75 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts predict that Forward Air Corporation will post 2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Thursday, November 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.60 annualized dividend and a yield of 1.04%. Forward Air’s payout ratio is presently 28.17%.

A number of equities research analysts have recently commented on the stock. Robert W. Baird reiterated a “hold” rating and set a $60.00 price target on shares of Forward Air in a report on Friday, October 6th. Stifel Nicolaus increased their price target on shares of Forward Air from $47.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Cowen restated a “market perform” rating and issued a $54.00 target price (up previously from $51.00) on shares of Forward Air in a report on Monday, October 30th. Zacks Investment Research cut shares of Forward Air from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, BidaskClub upgraded shares of Forward Air from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Forward Air has an average rating of “Hold” and an average price target of $55.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FWRD. Pinebridge Investments L.P. raised its position in shares of Forward Air by 0.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,980 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 36 shares during the period. Huntington National Bank raised its position in shares of Forward Air by 8.1% during the 2nd quarter. Huntington National Bank now owns 2,204 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 165 shares during the period. Texas Permanent School Fund raised its position in shares of Forward Air by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 22,060 shares of the transportation company’s stock valued at $1,175,000 after purchasing an additional 173 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Forward Air by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 56,848 shares of the transportation company’s stock valued at $3,029,000 after purchasing an additional 175 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Forward Air by 10.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,636 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 95.88% of the company’s stock.

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About Forward Air

Forward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company’s segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.

Insider Buying and Selling by Quarter for Forward Air (NASDAQ:FWRD)

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