Forward Air Corporation (NASDAQ:FWRD) CAO Michael P. Mclean sold 2,495 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $52.00, for a total transaction of $129,740.00. Following the sale, the chief accounting officer now owns 20,880 shares in the company, valued at approximately $1,085,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Forward Air Corporation (FWRD) traded up 0.08% during mid-day trading on Friday, reaching $50.88. 114,317 shares of the company traded hands. The stock’s 50 day moving average is $52.74 and its 200 day moving average is $50.49. The stock has a market capitalization of $1.54 billion, a PE ratio of 26.61 and a beta of 1.06. Forward Air Corporation has a 52-week low of $40.07 and a 52-week high of $56.52.

Forward Air Corporation (NASDAQ:FWRD) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Forward Air Corporation had a net margin of 5.68% and a return on equity of 13.31%. The firm had revenue of $267.50 million for the quarter, compared to analyst estimates of $256.98 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Forward Air Corporation will post $2.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 23rd. Forward Air Corporation’s dividend payout ratio is currently 31.25%.

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Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC raised its stake in shares of Forward Air Corporation by 72.5% in the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the transportation company’s stock worth $101,000 after buying an additional 797 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Forward Air Corporation during the first quarter worth approximately $114,000. Huntington National Bank raised its stake in shares of Forward Air Corporation by 8.1% in the second quarter. Huntington National Bank now owns 2,204 shares of the transportation company’s stock worth $117,000 after buying an additional 165 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Forward Air Corporation during the second quarter worth approximately $117,000. Finally, TrimTabs Asset Management LLC raised its stake in shares of Forward Air Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,482 shares of the transportation company’s stock worth $118,000 after buying an additional 1,168 shares in the last quarter. 99.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on FWRD shares. Zacks Investment Research downgraded shares of Forward Air Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Wolfe Research downgraded shares of Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Forward Air Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus increased their price target on shares of Forward Air Corporation from $14.50 to $15.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Forward Air Corporation presently has an average rating of “Hold” and a consensus price target of $51.25.

Forward Air Corporation Company 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.

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

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