Forward Air Corporation (NASDAQ:FWRD) insider Chris C. Ruble sold 23,020 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $57.75, for a total transaction of $1,329,405.00. Following the sale, the insider now directly owns 28,279 shares of the company’s stock, valued at approximately $1,633,112.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Forward Air Corporation (NASDAQ:FWRD) traded down $0.45 during trading on Monday, hitting $57.87. 137,600 shares of the stock were exchanged, compared to its average volume of 128,950. Forward Air Corporation has a 12 month low of $45.86 and a 12 month 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 company has a market cap of $1,722.92, a P/E ratio of 25.27 and a beta of 1.18.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Thursday, November 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, November 21st. Forward Air’s payout ratio is 28.17%.

A number of brokerages have recently weighed in on FWRD. BidaskClub raised shares of Forward Air from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Cowen reaffirmed a “market perform” rating and set a $54.00 price target (up previously from $51.00) on shares of Forward Air in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Forward Air from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Stifel Nicolaus upped their price target on shares of Forward Air from $47.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $60.00 price target on shares of Forward Air in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.33.

Large investors have recently modified their holdings of the stock. US Bancorp DE lifted its stake in Forward Air by 22.6% in the 2nd quarter. US Bancorp DE now owns 2,411 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 445 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Forward Air by 53.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,231 shares of the transportation company’s stock valued at $545,000 after purchasing an additional 3,557 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Forward Air by 10.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 131,353 shares of the transportation company’s stock valued at $6,998,000 after purchasing an additional 12,919 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Forward Air 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 purchasing an additional 21,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Forward Air by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,694,979 shares of the transportation company’s stock valued at $143,589,000 after purchasing an additional 16,137 shares during the last quarter. 95.88% of the stock is owned by institutional investors and hedge funds.

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Forward Air Company Profile

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 (NASDAQ:FWRD)

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