Forward Air Corporation (NASDAQ:FWRD) Chairman Bruce A. Campbell sold 34,281 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $55.01, for a total transaction of $1,885,797.81. Following the sale, the chairman now directly owns 155,831 shares in the company, valued at $8,572,263.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Forward Air Corporation (NASDAQ:FWRD) traded down $0.10 during trading hours on Wednesday, hitting $54.89. 62,239 shares of the company’s stock were exchanged, compared to its average volume of 126,795. Forward Air Corporation has a 52 week low of $43.88 and a 52 week high of $59.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $1,630.63, a P/E ratio of 23.92 and a beta of 1.20.

Forward Air Corporation (NASDAQ:FWRD) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. Forward Air Corporation had a net margin of 6.10% and a return on equity of 13.76%. The company had revenue of $280.20 million for the quarter, compared to the consensus estimate of $278.75 million. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. research analysts expect that Forward Air Corporation will post 2.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, November 21st. Forward Air Corporation’s dividend payout ratio is presently 28.17%.

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Several large investors have recently made changes to their positions in FWRD. Teachers Advisors LLC increased its position in shares of Forward Air Corporation by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 50,199 shares of the transportation company’s stock valued at $2,388,000 after purchasing an additional 1,781 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Forward Air Corporation by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 2,678,842 shares of the transportation company’s stock valued at $127,433,000 after buying an additional 114,244 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Forward Air Corporation by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 249,516 shares of the transportation company’s stock valued at $11,869,000 after buying an additional 12,650 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Forward Air Corporation by 53.9% in the 1st quarter. Renaissance Technologies LLC now owns 62,239 shares of the transportation company’s stock valued at $2,961,000 after buying an additional 21,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Forward Air Corporation by 8.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 172,840 shares of the transportation company’s stock valued at $8,222,000 after buying an additional 13,104 shares in the last quarter. 99.02% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Forward Air Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and set a $51.00 target price on shares of Forward Air Corporation in a research note on Thursday, August 10th. Robert W. Baird reaffirmed a “hold” rating and set a $60.00 target price on shares of Forward Air Corporation in a research note on Friday, October 6th. KeyCorp reaffirmed a “hold” rating on shares of Forward Air Corporation in a research note on Friday, September 22nd. Finally, Stifel Nicolaus upped their target price on shares of Forward Air Corporation from $47.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.33.

About Forward Air Corporation

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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