Forward Air Corp. (NASDAQ:FWRD) – Research analysts at William Blair decreased their FY2016 earnings per share estimates for Forward Air Corp. in a note issued to investors on Tuesday. William Blair analyst N. Brochmann now expects that the brokerage will earn $2.12 per share for the year, down from their previous estimate of $2.29.

A number of other analysts have also recently commented on FWRD. Zacks Investment Research upgraded shares of Forward Air Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 30th. BB&T Corp. cut shares of Forward Air Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Cowen and Company lifted their price objective on shares of Forward Air Corp. from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Forward Air Corp. has an average rating of “Buy” and an average price target of $50.00.

Forward Air Corp. (NASDAQ:FWRD) traded up 0.26% during trading on Thursday, hitting $43.11. 106,917 shares of the company’s stock were exchanged. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 31.72 and a beta of 1.29. Forward Air Corp. has a 12-month low of $36.00 and a 12-month high of $50.47. The company’s 50-day moving average price is $45.93 and its 200 day moving average price is $45.17.

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Forward Air Corp. (NASDAQ:FWRD) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. The firm earned $238.60 million during the quarter, compared to the consensus estimate of $247.86 million. Forward Air Corp. had a return on equity of 14.41% and a net margin of 4.32%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in shares of Forward Air Corp. by 1.0% in the second quarter. Capstone Asset Management Co. now owns 9,188 shares of the company’s stock valued at $409,000 after buying an additional 90 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Forward Air Corp. by 97.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,069 shares of the company’s stock valued at $448,000 after buying an additional 4,957 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Forward Air Corp. by 1.3% in the first quarter. Arizona State Retirement System now owns 15,573 shares of the company’s stock valued at $706,000 after buying an additional 200 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Forward Air Corp. during the first quarter valued at $1,973,000. Finally, Wellington Management Group LLP boosted its position in shares of Forward Air Corp. by 3,259.1% in the first quarter. Wellington Management Group LLP now owns 805,994 shares of the company’s stock valued at $36,527,000 after buying an additional 782,000 shares during the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Michael L. Hance sold 18,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $46.05, for a total transaction of $828,900.00. Following the transaction, the vice president now owns 18,646 shares of the company’s stock, valued at approximately $858,648.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rodney L. Bell sold 10,509 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $46.74, for a total transaction of $491,190.66. Following the transaction, the insider now directly owns 118,627 shares in the company, valued at approximately $5,544,625.98. The disclosure for this sale can be found here. Company insiders own 3.35% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.12%. Forward Air Corp.’s dividend payout ratio (DPR) is presently 35.56%.

Forward Air Corp. Company Profile

Forward Air Corporation offers services, which are classified into three segments: Forward Air, Forward Air Solutions (FASI) and Total Quality (TQI). The Company, through its three segments, offers a range of logistic and other services, including expedited full truckload (TLX), pick-up and delivery (Forward Air Complete), pool distribution, temperature-controlled truckload, warehousing, customs brokerage and shipment consolidation and handling.

5 Day Chart for NASDAQ:FWRD

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