Forward Air Co. (NASDAQ:FWRD) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $69.33.

A number of research analysts recently commented on the company. BidaskClub upgraded Forward Air from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. ValuEngine upgraded Forward Air from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded Forward Air from a “sell” rating to a “hold” rating in a research note on Monday, January 14th.

In related news, Chairman Bruce A. Campbell sold 18,208 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $66.05, for a total value of $1,202,638.40. Following the transaction, the chairman now owns 120,088 shares in the company, valued at $7,931,812.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Chris C. Ruble sold 7,926 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $65.12, for a total value of $516,141.12. Following the completion of the transaction, the chief operating officer now owns 31,489 shares in the company, valued at approximately $2,050,563.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,087 shares of company stock valued at $2,842,670. 1.95% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in Forward Air by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 329,627 shares of the transportation company’s stock valued at $18,080,000 after buying an additional 16,689 shares during the last quarter. Norges Bank acquired a new stake in Forward Air in the 4th quarter valued at approximately $26,713,000. APG Asset Management N.V. raised its position in Forward Air by 10.0% in the 4th quarter. APG Asset Management N.V. now owns 39,500 shares of the transportation company’s stock valued at $1,895,000 after buying an additional 3,600 shares during the last quarter. Amalgamated Bank acquired a new stake in Forward Air in the 4th quarter valued at approximately $252,000. Finally, Millennium Management LLC raised its position in Forward Air by 20.1% in the 4th quarter. Millennium Management LLC now owns 13,142 shares of the transportation company’s stock valued at $721,000 after buying an additional 2,199 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Shares of FWRD traded down $0.77 during mid-day trading on Friday, hitting $63.57. The company’s stock had a trading volume of 360,902 shares, compared to its average volume of 147,919. Forward Air has a one year low of $51.00 and a one year high of $72.81. The company has a current ratio of 2.69, a quick ratio of 2.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.38 and a beta of 1.63.

Forward Air (NASDAQ:FWRD) last posted its quarterly earnings data on Thursday, February 7th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. Forward Air had a return on equity of 16.97% and a net margin of 6.97%. The company had revenue of $356.60 million during the quarter, compared to analysts’ expectations of $347.16 million. During the same period in the prior year, the business earned $0.65 earnings per share. Forward Air’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts predict that Forward Air will post 3.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Forward Air’s dividend payout ratio (DPR) is presently 23.08%.

About Forward Air

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-than-truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool).

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