Forward Air Corporation (NASDAQ:FWRD) Trading Down - Short Interest Up by 18.69%

Gladys Abbott
June 19, 2017

07/12/2016 - SunTrust began new coverage on Sealed Air Corporation giving the company a "buy" rating. Eqis Capital Management Inc. raised its position in shares of Sealed Air Corporation by 0.3% in the first quarter.

07/15/2016 - Sealed Air Corporation was upgraded to "buy" by analysts at Citigroup. Sasco Capital Inc bought 868,140 shares as the company's stock declined 9.02% while stock markets rallied. Ltd. boosted its position in shares of Sealed Air Corporation by 0.4% in the third quarter. 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. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/06/17/family-legacy-inc-buys-shares-of-5250-sealed-air-corp-see-updated-updated.html. Ltd. now owns 22,730 shares of the industrial products company's stock worth $1,041,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in shares of Forward Air Corporation by 0.6% in the first quarter. Principal Financial Group Inc. now owns 307,155 shares of the industrial products company's stock worth $14,074,000 after buying an additional 4,850 shares during the period. Insiders own 0.86% of the company's stock. 268,477 shares of the company's stock traded hands. Sealed Air Corporation has $59 highest and $40 lowest target.

The stock's 50 day moving average is 44.18 and its 200 day moving average is 45.81. The company was upgraded on Friday, January 8 by Barclays Capital. About shares traded. Sealed Air Corp (NYSE:SEE) has declined 6.94% since June 16, 2016 and is downtrending. The transportation company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.06. Roystone Capital Management Lp who had been investing in Sealed Air Corp New for a number of months, seems to be less bullish one the $8.75B market cap company. Forward Air Corporation had a return on equity of 13.06% and a net margin of 2.88%. Sealed Air Corporation's revenue was up 2.6% on a year-over-year basis. During the same period a year ago, the business posted $0.50 EPS.

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Also, insider Jerome A. Peribere purchased 6,960 shares of the business's stock in a transaction on Friday, May 12th. The stock rose 0.36% or $0.16 reaching $45 per share. The ex-dividend date was set for Tuesday the 23rd of May 2017. This represents a $0.64 annualized dividend and a yield of 1.42%.

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SEE has been the subject of several research reports. The stock has "Hold" rating by Jefferies on Wednesday, April 19. (The) downgraded shares of Sealed Air Corporation from a "conviction-buy" rating to a "buy" rating and decreased their price objective for the stock from $53.00 to $50.00 in a report on Tuesday, April 4th.

In a report issued this morning, RBC Capital maintained their Hold rating on Sealed Air (NYSE:SEE) shares. UBS initiated the shares of SEE in report on Tuesday, August 23 with "Buy" rating. Cowen & Co maintained the stock with "Market Perform" rating in Thursday, February 11 report. Sealed Air Corporation presently has an average rating of "Hold" and a consensus target price of $49.09. Also, CAO William G. Stiehl sold 3,000 shares of the stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of $43.09 per share, for a total transaction of $129,270.00. Following the completion of the transaction, the insider now directly owns 148,077 shares in the company, valued at $6,380,637.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the sale, the chief accounting officer now owns 37,797 shares in the company, valued at approximately $1,641,523.71. The stock was purchased at an average price of $42.97 per share, for a total transaction of $299,071.20. Commonwealth Bank of Australia now owns 5,429 shares of the industrial products company's stock worth $249,000 after buying an additional 4,100 shares during the period.

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