Dimensional Fund Advisors LP Has $69.49 Million Holdings in Forward Air Co. (FWRD)

Dimensional Fund Advisors LP raised its holdings in Forward Air Co. (NASDAQ:FWRD) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,214,199 shares of the transportation company’s stock after acquiring an additional 3,378 shares during the quarter. Dimensional Fund Advisors LP owned about 4.08% of Forward Air worth $69,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FWRD. Cambiar Investors LLC acquired a new stake in Forward Air in the third quarter valued at approximately $8,421,000. Victory Capital Management Inc. lifted its stake in shares of Forward Air by 12.5% in the third quarter. Victory Capital Management Inc. now owns 1,255,469 shares of the transportation company’s stock worth $71,850,000 after buying an additional 139,363 shares during the last quarter. AHL Partners LLP lifted its stake in shares of Forward Air by 358.3% in the second quarter. AHL Partners LLP now owns 95,269 shares of the transportation company’s stock worth $5,076,000 after buying an additional 74,480 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Forward Air by 93.2% in the second quarter. Alliancebernstein L.P. now owns 86,110 shares of the transportation company’s stock worth $4,588,000 after buying an additional 41,540 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Forward Air by 16.1% in the third quarter. Russell Investments Group Ltd. now owns 201,353 shares of the transportation company’s stock worth $11,524,000 after buying an additional 27,969 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

In related news, Chairman Bruce A. Campbell sold 34,281 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $55.01, for a total transaction of $1,885,797.81. Following the transaction, the chairman now owns 155,831 shares of the company’s stock, valued at $8,572,263.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris C. Ruble sold 23,020 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 28,279 shares in the company, valued at approximately $1,633,112.25. The disclosure for this sale can be found here. Insiders have sold 93,549 shares of company stock worth $5,250,836 in the last ninety days. 2.40% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on FWRD shares. BidaskClub upgraded shares of Forward Air from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Zacks Investment Research cut shares of Forward Air from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Stifel Nicolaus boosted their price objective on shares of Forward Air from $47.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $60.00 price objective on shares of Forward Air in a research note on Friday, October 6th. Finally, KeyCorp restated a “hold” rating on shares of Forward Air in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $55.33.

Forward Air Co. (NASDAQ FWRD) opened at $58.10 on Thursday. Forward Air Co. has a 52-week low of $45.86 and a 52-week high of $59.97. The stock has a market cap of $1,717.56, a price-to-earnings ratio of 27.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71.

Forward Air (NASDAQ:FWRD) last announced its earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Forward Air had a net margin of 6.10% and a return on equity of 13.76%. The business had revenue of $280.20 million for the quarter, compared to analyst estimates of $278.75 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Forward Air’s revenue was up 12.3% compared to the same quarter last year. analysts expect that Forward Air Co. will post 2.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Thursday, November 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, November 21st. Forward Air’s dividend payout ratio (DPR) is currently 28.17%.

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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.

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

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