Amalgamated Bank acquired a new position in shares of Forward Air Co. (NASDAQ:FWRD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,586 shares of the transportation company’s stock, valued at approximately $252,000.

Other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Forward Air during the fourth quarter worth $42,000. Bank of Montreal Can lifted its stake in shares of Forward Air by 13.2% during the fourth quarter. Bank of Montreal Can now owns 1,781 shares of the transportation company’s stock worth $98,000 after buying an additional 208 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Forward Air during the fourth quarter worth $99,000. Verition Fund Management LLC acquired a new stake in shares of Forward Air during the third quarter worth $219,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Forward Air during the third quarter worth $271,000. Institutional investors and hedge funds own 97.81% of the company’s stock.

In related news, Chairman Bruce A. Campbell sold 6,713 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $67.10, for a total transaction of $450,442.30. Following the completion of the transaction, the chairman now owns 120,088 shares of the company’s stock, valued at $8,057,904.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Chris C. Ruble sold 7,926 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $65.12, for a total transaction of $516,141.12. Following the transaction, the chief operating officer now directly owns 31,489 shares of the company’s stock, valued at approximately $2,050,563.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,087 shares of company stock valued at $2,842,670. 2.04% of the stock is currently owned by corporate insiders.

Shares of Forward Air stock opened at $68.12 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.69 and a quick ratio of 2.66. Forward Air Co. has a 1 year low of $51.54 and a 1 year high of $72.81. The firm has a market cap of $1.93 billion, a P/E ratio of 21.83 and a beta of 1.63.

Forward Air (NASDAQ:FWRD) last issued its earnings results on Thursday, February 7th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.12. Forward Air had a net margin of 6.97% and a return on equity of 16.97%. The firm had revenue of $356.60 million during the quarter, compared to analysts’ expectations of $347.16 million. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Forward Air Co. will post 3.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.06%. Forward Air’s dividend payout ratio (DPR) is presently 23.08%.

Several research firms have recently commented on FWRD. Zacks Investment Research upgraded shares of Forward Air from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. ValuEngine upgraded shares of Forward Air from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, BidaskClub upgraded shares of Forward Air from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.75.

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Forward Air Profile

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

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