First National Bank of Omaha Purchases 254 Shares of Forward Air Co. (NASDAQ:FWRD)

First National Bank of Omaha increased its position in Forward Air Co. (NASDAQ:FWRD) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 33,501 shares of the transportation company’s stock after acquiring an additional 254 shares during the quarter. First National Bank of Omaha’s holdings in Forward Air were worth $2,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cortina Asset Management LLC lifted its stake in Forward Air by 21.5% during the 2nd quarter. Cortina Asset Management LLC now owns 92,876 shares of the transportation company’s stock valued at $5,494,000 after acquiring an additional 16,423 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Forward Air by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,510 shares of the transportation company’s stock valued at $681,000 after purchasing an additional 200 shares during the last quarter. Profit Investment Management LLC increased its position in shares of Forward Air by 3.3% during the 2nd quarter. Profit Investment Management LLC now owns 50,155 shares of the transportation company’s stock valued at $2,967,000 after purchasing an additional 1,602 shares during the last quarter. CWM Advisors LLC increased its position in shares of Forward Air by 11.9% during the 2nd quarter. CWM Advisors LLC now owns 3,568 shares of the transportation company’s stock valued at $211,000 after purchasing an additional 379 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Forward Air during the 2nd quarter valued at about $47,000. Institutional investors own 95.22% of the company’s stock.

FWRD traded down $0.63 during trading on Friday, reaching $70.54. 10,344 shares of the company traded hands, compared to its average volume of 137,476. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.54 and a current ratio of 1.54. Forward Air Co. has a 12-month low of $51.54 and a 12-month high of $72.09. The firm has a fifty day simple moving average of $64.95 and a 200 day simple moving average of $61.68. The company has a market cap of $1.99 billion, a P/E ratio of 22.68 and a beta of 1.54.

Forward Air (NASDAQ:FWRD) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Forward Air had a net margin of 6.54% and a return on equity of 17.06%. The business had revenue of $361.70 million during the quarter, compared to analyst estimates of $354.91 million. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Forward Air Co. will post 3.22 earnings per share for the current fiscal year.

Several research firms have recently commented on FWRD. Zacks Investment Research raised shares of Forward Air from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, October 31st. Robert W. Baird set a $75.00 target price on shares of Forward Air and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, BidaskClub raised shares of Forward Air from a “hold” rating to a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $76.67.

In other Forward Air news, insider Glenn A. Adelaar sold 4,917 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $61.05, for a total transaction of $300,182.85. Following the completion of the sale, the insider now directly owns 41,177 shares of the company’s stock, valued at approximately $2,513,855.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.04% of the company’s stock.

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

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