Insider Selling: Forward Air (NASDAQ:FWRD) Major Shareholder Sells 30,000 Shares of Stock

Forward Air Corporation (NASDAQ:FWRD) major shareholder Cetus Capital Vi, L.P. sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $21.42, for a total transaction of $642,600.00. Following the transaction, the insider directly owned 3,063,709 shares in the company, valued at approximately $65,624,646.78. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Forward Air Trading Up 1.6%

Shares of NASDAQ:FWRD traded up $0.43 on Tuesday, hitting $27.24. The company had a trading volume of 480,896 shares, compared to its average volume of 561,223. The firm’s 50-day simple moving average is $27.03 and its two-hundred day simple moving average is $25.71. The firm has a market capitalization of $851.25 million, a price-to-earnings ratio of -7.08 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 8.73. Forward Air Corporation has a 1 year low of $9.78 and a 1 year high of $32.47.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Forward Air in a research report on Thursday, January 22nd. Zacks Research cut Forward Air from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Stifel Nicolaus increased their price objective on Forward Air from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Susquehanna boosted their target price on shares of Forward Air from $42.00 to $45.00 and gave the company a “positive” rating in a report on Monday, January 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Forward Air in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Forward Air presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Institutional Investors Weigh In On Forward Air

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Forward Air by 26.9% during the second quarter. Nisa Investment Advisors LLC now owns 2,499 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 530 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Forward Air by 207.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 1,753 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Forward Air during the 4th quarter valued at about $74,000. AlphaQuest LLC increased its stake in Forward Air by 541.5% during the 3rd quarter. AlphaQuest LLC now owns 3,015 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 2,545 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Forward Air in the second quarter worth about $107,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

More Forward Air News

Here are the key news stories impacting Forward Air this week:

• Positive Sentiment: Cetus Capital increased its stake in October by acquiring 225,000 shares at about $17.93 each (a ~7.1% bump to its holdings), which can be read as a vote of confidence from a major holder. Cetus Capital acquisition filing
• Neutral Sentiment: Forward Air is scheduled to report quarterly earnings soon, which is a routine catalyst that could move the stock depending on results and guidance. Earnings projection notice
• Neutral Sentiment: Public short-interest data shows effectively zero reported short interest and a 0.0 days-to-cover figure — this looks like an anomalous/empty data print and is unlikely to be a meaningful immediate driver. (No external article link available.)
• Negative Sentiment: Cetus Capital subsequently sold multiple blocks totaling roughly 302k shares across November (and an additional October sale), representing a several-percent reduction in its stake and proceeds of roughly $6M — heavy insider selling from a large holder can weigh on sentiment. Cetus Capital sale filings
• Negative Sentiment: Market writeups flag fundamental pressure: analysis highlights that AI-related costs and other operational headwinds could compress margins and that Forward Air faces broader challenges beyond AI alone — this type of critique can prompt caution among investors ahead of earnings. Margin and fundamentals analysis
• Negative Sentiment: News outlets summarized the recent Cetus sell-off as several million dollars of sales (reporting ~ $5.94M), reinforcing headlines around insider selling that can pressure the stock. Investing.com summary of Cetus sales

Forward Air Company Profile

Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals.

Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico.