1 week Ago By ABMN Staff
Vanguard Group Inc. decreased its holdings in shares of Forward Air Co. ( NASDAQ:FWRD – Free Report ) by 0.
9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,043,566 shares of the transportation company’s stock after selling 19,408 shares during the period. Vanguard Group Inc.
owned about 0.07% of Forward Air worth $65,905,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company.
Assenagon Asset Management S.A. bought a new stake in shares of Forward Air during the 4th quarter valued at about $11,140,000.
JPMorgan Chase & Co. boosted its stake in Forward Air by 688.6% in the third quarter.
JPMorgan Chase & Co. now owns 326,921 shares of the transportation company’s stock valued at $11,573,000 after acquiring an additional 285,465 shares during the period. Charles Schwab Investment Management Inc.
grew its holdings in shares of Forward Air by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 755,843 shares of the transportation company’s stock valued at $24,376,000 after purchasing an additional 79,960 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Forward Air during the 4th quarter worth approximately $2,487,000.
Finally, New York State Common Retirement Fund lifted its holdings in shares of Forward Air by 17.2% in the 4th quarter. New York State Common Retirement Fund now owns 273,462 shares of the transportation company’s stock worth $8,819,000 after purchasing an additional 40,176 shares during the last quarter.
97.03% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades FWRD has been the subject of a number of recent research reports.
Benchmark restated a “hold” rating on shares of Forward Air in a research note on Tuesday, January 7th. Robert W. Baird lowered their price target on shares of Forward Air from $32.
00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus cut their price objective on shares of Forward Air from $29.
00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Susquehanna decreased their target price on shares of Forward Air from $35.
00 to $32.00 and set a “positive” rating for the company in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.25.
Forward Air Price Performance Shares of FWRD opened at $13.31 on Friday. The firm has a market capitalization of $404.
66 million, a price-to-earnings ratio of -0.56 and a beta of 1.11.
The stock’s fifty day moving average is $22.64 and its 200-day moving average is $30.33.
Forward Air Co. has a one year low of $9.79 and a one year high of $40.
92. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.
21 and a current ratio of 1.21. Forward Air Profile ( Free Report ) Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada.
It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. Recommended Stories Want to see what other hedge funds are holding FWRD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Forward Air Co. ( NASDAQ:FWRD – Free Report ). Receive News & Ratings for Forward Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air and related companies with MarketBeat.
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