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Forward Air Corp. (NASDAQ:FWRD) CFO Rodney L. Bell sold 22,671 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $44.50, for a total value of $1,008,859.50. Following the sale, the chief financial officer now directly owns 72,179 shares in the company, valued at approximately $3,211,966. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Separately, analysts at RBC Capital raised their price target on shares of Forward Air Corp. from $49.00 to $55.00 in a research note on Monday, March 24th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Forward Air Corp. presently has a consensus rating of “Hold” and an average target price of $46.60.

Shares of Forward Air Corp. (NASDAQ:FWRD) traded up 0.88% on Thursday, hitting $44.86. 176,162 shares of the company’s stock traded hands. Forward Air Corp. has a 1-year low of $36.05 and a 1-year high of $47.10. The stock has a 50-day moving average of $44.13 and a 200-day moving average of $44.00. The company has a market cap of $1.400 billion and a P/E ratio of 25.60.

Forward Air Corp. (NASDAQ:FWRD) last announced its earnings results on Monday, April 21st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.05. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $171.66 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts expect that Forward Air Corp. will post $2.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, May 21st.

Forward Air Corporation operates in two segments: Forward Air, Inc (NASDAQ:FWRD) and Forward Air Solutions, Inc (FASI).

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