Capital Fund Management S.A. Buys New Stake in Forward Air Co. (FWRD)

Capital Fund Management S.A. bought a new position in shares of Forward Air Co. (NASDAQ:FWRD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,300 shares of the transportation company’s stock, valued at approximately $362,000.

Several other institutional investors also recently bought and sold shares of FWRD. Cambiar Investors LLC acquired a new position in shares of Forward Air during the 3rd quarter worth about $8,421,000. Victory Capital Management Inc. grew its position in shares of Forward Air by 12.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,255,469 shares of the transportation company’s stock worth $71,850,000 after buying an additional 139,363 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Forward Air during the 4th quarter worth about $7,980,000. Boston Partners acquired a new position in shares of Forward Air during the 4th quarter worth about $2,756,000. Finally, APG Asset Management N.V. grew its position in shares of Forward Air by 337.8% during the 4th quarter. APG Asset Management N.V. now owns 39,400 shares of the transportation company’s stock worth $1,885,000 after buying an additional 30,400 shares during the period. Institutional investors own 94.32% of the company’s stock.

Several equities analysts have recently weighed in on the company. Stephens reiterated a “buy” rating and set a $80.00 price objective on shares of Forward Air in a report on Wednesday, January 10th. Zacks Investment Research upgraded Forward Air from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, January 9th. Cowen reiterated a “market perform” rating and set a $54.00 price objective (up previously from $51.00) on shares of Forward Air in a report on Monday, October 30th. BidaskClub cut Forward Air from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, Robert W. Baird upgraded Forward Air from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.40.

Forward Air Co. (FWRD) opened at $55.04 on Friday. Forward Air Co. has a 1-year low of $45.86 and a 1-year high of $64.80. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1,619.91, a PE ratio of 19.04 and a beta of 1.17.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Forward Air had a return on equity of 13.91% and a net margin of 7.93%. The business had revenue of $306.10 million for the quarter, compared to analysts’ expectations of $301.47 million. During the same quarter in the previous year, the business posted $0.58 EPS. Forward Air’s revenue for the quarter was up 15.6% on a year-over-year basis. analysts forecast that Forward Air Co. will post 3.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, March 7th. Forward Air’s payout ratio is 20.76%.

In other Forward Air news, Chairman Bruce A. Campbell sold 5,264 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $55.43, for a total value of $291,783.52. Following the sale, the chairman now owns 153,454 shares in the company, valued at approximately $8,505,955.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris C. Ruble sold 23,020 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $57.75, for a total value of $1,329,405.00. Following the completion of the sale, the insider now owns 28,279 shares in the company, valued at approximately $1,633,112.25. The disclosure for this sale can be found here. Insiders sold a total of 57,128 shares of company stock worth $3,243,834 in the last 90 days. Company insiders own 2.40% of the company’s stock.

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Forward Air Profile

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.

Institutional Ownership by Quarter for Forward Air (NASDAQ:FWRD)

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