Chatham Capital Group Inc. raised its holdings in shares of Forward Air Co. (NASDAQ:FWRD) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,225 shares of the transportation company’s stock after buying an additional 3,700 shares during the quarter. Chatham Capital Group Inc. owned about 0.08% of Forward Air worth $1,281,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of Forward Air by 138.7% during the fourth quarter. Advisor Group Inc. now owns 2,626 shares of the transportation company’s stock worth $151,000 after buying an additional 1,526 shares during the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Forward Air during the fourth quarter worth approximately $215,000. Everence Capital Management Inc. acquired a new position in shares of Forward Air during the fourth quarter worth approximately $218,000. Verition Fund Management LLC acquired a new position in shares of Forward Air during the fourth quarter worth approximately $238,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Forward Air during the fourth quarter valued at approximately $261,000. Institutional investors own 97.77% of the company’s stock.
In other Forward Air news, Director George M. Lynch sold 2,443 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $55.47, for a total value of $135,513.21. Following the sale, the director now directly owns 9,940 shares in the company, valued at $551,371.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.95% of the company’s stock.
FWRD opened at $58.39 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 24.74 and a beta of 1.26. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.08. Forward Air Co. has a 1 year low of $56.47 and a 1 year high of $57.49.
Forward Air (NASDAQ:FWRD) last released its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $291.73 million. Forward Air had a return on equity of 14.41% and a net margin of 7.85%. Forward Air’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. research analysts predict that Forward Air Co. will post 3.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 24th. Forward Air’s dividend payout ratio (DPR) is 25.42%.
Forward Air Company 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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