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Forward Air Corp. (NASDAQ:FWRD) EVP Matthew J. Jewell sold 7,100 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $46.54, for a total transaction of $330,434.00. Following the completion of the sale, the executive vice president now directly owns 26,845 shares of the company’s stock, valued at approximately $1,249,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Forward Air Corp. (NASDAQ:FWRD) traded down 0.32% on Thursday, hitting $46.40. The stock had a trading volume of 79,846 shares. Forward Air Corp. has a 52-week low of $36.05 and a 52-week high of $48.93. The stock has a 50-day moving average of $46.73 and a 200-day moving average of $45.0. The company has a market cap of $1.431 billion and a P/E ratio of 25.46.

Forward Air Corp. (NASDAQ:FWRD) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.55. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $197.42 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that Forward Air Corp. will post $2.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, August 19th.

Separately, analysts at Robert W. Baird raised their price target on shares of Forward Air Corp. from $51.00 to $52.00 in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.75.

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

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