The Forward Air Corporation (FWRD) Chairman Bruce A. Campbell Sells 20529 Shares

Ivan Schwartz
June 19, 2017

Sealed Air Corporation (NYSE SEE) traded up 0.42% during mid-day trading on Friday, reaching $45.03. Looking at this figure it suggests that the shares of Sealed Air Corporation (SEE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Sealed Air Corporation (SEE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Bank of America downgraded Sealed Air Corp (NYSE:SEE) on Tuesday, September 15 to "Neutral" rating. Stifel Nicolaus raised their price objective on shares of Forward Air Corporation from $46.00 to $47.00 and gave the stock a "hold" rating in a research report on Friday, April 28th.

In related news, Director C Robert Campbell sold 1,718 shares of the firm's stock in a transaction that occurred on Thursday, June 8th. The price index of Forward Air Corporation (NasdaqGS:FWRD) for last month was 1.04398. Forward Air had 13 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has a 50 day moving average price of $44.20 and a 200 day moving average price of $45.79.

Currently, the market capitalization of Sealed Air Corporation (SEE) is 8.78 Billion.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.03. Forward Air Corporation had a return on equity of 13.06% and a net margin of 2.88%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.58 billion. The transportation company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.06. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that Sealed Air Corporation will post $1.79 earnings per share for the current year. "Has $66.24 Million Position in Sealed Air Corporation (SEE)" was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was stolen and republished in violation of United States and global copyright and trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/oxford-asset-management-takes-position-in-sealed-air-corp-see-updated-updated/846099.html.

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A number of research firms have weighed in on FWRD. The short-interest ratio decreased to 3.9 and the short interest percentage is 0.02% as of May 15. This represents a change of -0.45% from the opening. The ex-dividend date was set for Tuesday the 23rd of May 2017. Sealed Air Corporation's dividend payout ratio is presently 36.99%. Following the transaction, the insider now owns 199,000 shares in the company, valued at $8,551,030. The stock was sold at an average price of $52.99, for a total transaction of $91,036.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The shares were acquired at an average price of $42.97 per share, for a total transaction of $299,071.20. AlphaOne also assigned media headlines about the transportation company an impact score of 62 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. The disclosure for this purchase can be found here.

Several analysts recently issued reports on the stock. Cardinal Capital Management boosted its stake in shares of Forward Air Corporation by 1.3% in the first quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. TrimTabs Asset Management LLC purchased a new position in shares of Sealed Air Corporation during the first quarter worth about $109,000. Nomura Asset Management Co. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company's stock valued at $167,000 after buying an additional 30 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Forward Air Corporation by 0.6% in the first quarter. Ameriprise Financial Inc. owned 0.79% of Sealed Air Corporation worth $66,239,000 at the end of the most recent reporting period. Associated Banc Corp now owns 6,203 shares of the industrial products company's stock worth $281,000 after buying an additional 43 shares during the last quarter. Profund Advsrs Limited Liability Company has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD).

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