Deprince Race & Zollo Inc. decreased its stake in shares of Forward Air Corporation (NASDAQ:FWRD) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 377,265 shares of the transportation company’s stock after selling 8 shares during the period. Deprince Race & Zollo Inc.’s holdings in Forward Air Corporation were worth $20,101,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Forward Air Corporation by 157,904.2% in the first quarter. BlackRock Inc. now owns 3,803,161 shares of the transportation company’s stock worth $180,917,000 after buying an additional 3,800,754 shares during the period. Vanguard Group Inc. boosted its stake in Forward Air Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,678,842 shares of the transportation company’s stock worth $127,433,000 after buying an additional 114,244 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Forward Air Corporation by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,204,402 shares of the transportation company’s stock worth $57,292,000 after buying an additional 23,046 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Forward Air Corporation by 2.5% in the first quarter. Victory Capital Management Inc. now owns 1,120,726 shares of the transportation company’s stock worth $53,313,000 after buying an additional 26,978 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Forward Air Corporation by 0.6% in the first quarter. Wellington Management Group LLP now owns 1,085,179 shares of the transportation company’s stock worth $51,621,000 after buying an additional 6,690 shares in the last quarter. 98.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Forward Air Corporation (NASDAQ FWRD) opened at 50.73 on Friday. The stock’s 50 day moving average price is $52.55 and its 200 day moving average price is $50.53. Forward Air Corporation has a 12-month low of $40.07 and a 12-month high of $56.52. The firm has a market cap of $1.54 billion, a PE ratio of 26.53 and a beta of 1.06.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 23rd. Forward Air Corporation’s payout ratio is 31.25%.

ILLEGAL ACTIVITY WARNING: “Deprince Race & Zollo Inc. Has $20.10 Million Position in Forward Air Corporation (FWRD)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/18/deprince-race-zollo-inc-has-20-10-million-position-in-forward-air-corporation-fwrd.html.

A number of research firms recently weighed in on FWRD. BidaskClub cut Forward Air Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus upped their price target on Forward Air Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Zacks Investment Research cut Forward Air Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wolfe Research cut Forward Air Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 1st. Finally, Cowen and Company restated a “hold” rating and issued a $51.00 price target on shares of Forward Air Corporation in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.25.

In other news, Director C Robert Campbell sold 1,718 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $52.99, for a total transaction of $91,036.82. Following the transaction, the director now directly owns 19,652 shares in the company, valued at approximately $1,041,359.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Michael P. Mclean sold 3,333 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $52.00, for a total transaction of $173,316.00. Following the transaction, the chief accounting officer now owns 21,718 shares in the company, valued at $1,129,336. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,831 shares of company stock worth $2,836,938. Corporate insiders own 2.40% of the company’s stock.

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.

Want to see what other hedge funds are holding FWRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forward Air Corporation (NASDAQ:FWRD).

Institutional Ownership by Quarter for Forward Air Corporation (NASDAQ:FWRD)

Receive News & Ratings for Forward Air Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air Corporation and related companies with MarketBeat.com's FREE daily email newsletter.