Charles Schwab Investment Management Inc. Purchases 79,960 Shares of Forward Air Co. (NASDAQ:FWRD)

Charles Schwab Investment Management Inc. raised its position in shares of Forward Air Co. (NASDAQ:FWRD - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,843 shares of the transportation company's stock after acquiring an additional 79,960 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.61% of Forward Air worth $24,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC raised its holdings in Forward Air by 122.9% during the 4th quarter. Byrne Asset Management LLC now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 590 shares during the period. Quantinno Capital Management LP purchased a new stake in Forward Air during the 3rd quarter valued at $224,000. LMR Partners LLP purchased a new stake in Forward Air during the 3rd quarter valued at $232,000. Dynamic Technology Lab Private Ltd purchased a new stake in Forward Air during the 3rd quarter valued at $298,000. Finally, Wolverine Asset Management LLC raised its holdings in Forward Air by 129.6% during the 4th quarter. Wolverine Asset Management LLC now owns 8,565 shares of the transportation company's stock valued at $276,000 after buying an additional 37,461 shares during the period. Hedge funds and other institutional investors own 97.03% of the company's stock.

Forward Air Trading Up 0.2 %

Forward Air stock traded up $0.04 during mid-day trading on Friday, hitting $21.25. The company's stock had a trading volume of 757,052 shares, compared to its average volume of 856,456. The company has a 50 day moving average of $28.01 and a 200-day moving average of $32.30. The stock has a market cap of $615.27 million, a PE ratio of -0.89 and a beta of 1.08. 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 Co. has a one year low of $11.21 and a one year high of $40.92.

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Wall Street Analyst Weigh In

FWRD has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Forward Air from $34.00 to $36.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Forward Air in a research report on Tuesday, January 7th. Finally, Robert W. Baird cut their price objective on Forward Air from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Forward Air presently has a consensus rating of "Hold" and a consensus target price of $37.00.

Forward Air Profile

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.