Forward Air Corporation (NASDAQ:FWRD) CAO Michael P. Mclean sold 15,718 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.05, for a total value of $802,403.90. Following the transaction, the chief accounting officer now directly owns 20,559 shares of the company’s stock, valued at $1,049,536.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Forward Air Corporation (NASDAQ:FWRD) traded down 0.60% on Tuesday, reaching $51.21. The company had a trading volume of 136,319 shares. Forward Air Corporation has a 52-week low of $40.07 and a 52-week high of $56.52. The company’s 50-day moving average is $53.17 and its 200-day moving average is $50.39. The company has a market capitalization of $1.55 billion, a PE ratio of 26.78 and a beta of 1.06.

Forward Air Corporation (NASDAQ:FWRD) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The firm had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $256.98 million. Forward Air Corporation had a return on equity of 13.31% and a net margin of 5.68%. Forward Air Corporation’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Forward Air Corporation will post $2.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Forward Air Corporation’s dividend payout ratio (DPR) is 31.25%.

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Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Forward Air Corporation during the first quarter worth $114,000. Huntington National Bank boosted its position in Forward Air Corporation by 8.1% in the second quarter. Huntington National Bank now owns 2,204 shares of the transportation company’s stock worth $117,000 after buying an additional 165 shares during the period. TrimTabs Asset Management LLC boosted its position in Forward Air Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,482 shares of the transportation company’s stock worth $118,000 after buying an additional 1,168 shares during the period. US Bancorp DE boosted its position in Forward Air Corporation by 22.6% in the second quarter. US Bancorp DE now owns 2,411 shares of the transportation company’s stock worth $129,000 after buying an additional 445 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Forward Air Corporation by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,340 shares of the transportation company’s stock worth $158,000 after buying an additional 30 shares during the period. 99.04% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Forward Air Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Forward Air Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Wolfe Research downgraded Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus upped their target price on Forward Air Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $49.75.

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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