Forward Air Corp. (NASDAQ:FWRD) shares saw strong trading volume on Friday . 273,572 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 166,487 shares.The stock last traded at $45.04 and had previously closed at $44.55.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Forward Air Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Cowen and Company restated a “hold” rating on shares of Forward Air Corp. in a research note on Saturday, April 23rd. Royal Bank Of Canada upped their price target on shares of Forward Air Corp. from $43.00 to $50.00 and gave the company a “sector perform” rating in a research note on Monday, April 25th. Finally, Robert W. Baird upped their price target on shares of Forward Air Corp. from $49.00 to $50.00 in a research note on Monday, April 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.75.

The stock has a market cap of $1.38 billion and a PE ratio of 22.07. The stock has a 50-day moving average price of $44.99 and a 200-day moving average price of $43.62.

Forward Air Corp. (NASDAQ:FWRD) last released its earnings results on Thursday, April 21st. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company earned $229.50 million during the quarter, compared to analysts’ expectations of $228.13 million. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. On average, analysts anticipate that Forward Air Corp. will post $2.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 13th. Investors of record on Tuesday, May 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%.

In other Forward Air Corp. news, Director George M. Lynch sold 2,739 shares of the stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $45.00, for a total value of $123,255.00. Following the transaction, the director now owns 14,426 shares of the company’s stock, valued at $649,170. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Other hedge funds and institutional investors recently bought and sold shares of the company. Fiduciary Management Associates LLC increased its position in Forward Air Corp. by 24.0% in the fourth quarter. Fiduciary Management Associates LLC now owns 549,124 shares of the company’s stock valued at $23,615,000 after buying an additional 106,406 shares during the period. American Capital Management Inc. increased its position in Forward Air Corp. by 6.2% in the fourth quarter. American Capital Management Inc. now owns 84,335 shares of the company’s stock valued at $3,627,000 after buying an additional 4,920 shares during the period. Victory Capital Management Inc. increased its position in Forward Air Corp. by 14.9% in the fourth quarter. Victory Capital Management Inc. now owns 578,708 shares of the company’s stock valued at $24,890,000 after buying an additional 75,001 shares during the period. Principal Financial Group Inc. increased its position in Forward Air Corp. by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 203,049 shares of the company’s stock valued at $8,732,000 after buying an additional 1,664 shares during the period. Finally, Glacier Peak Capital LLC increased its position in Forward Air Corp. by 21.1% in the fourth quarter. Glacier Peak Capital LLC now owns 36,380 shares of the company’s stock valued at $1,565,000 after buying an additional 6,342 shares during the period.

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.

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