Forward Air Co. (NASDAQ:FWRD) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Forward Air Co. (NASDAQ:FWRD - Free Report) by 260.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,476 shares of the transportation company's stock after buying an additional 32,139 shares during the quarter. Intech Investment Management LLC owned 0.15% of Forward Air worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FWRD. Thrivent Financial for Lutherans lifted its stake in Forward Air by 2.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,442 shares of the transportation company's stock worth $498,000 after acquiring an additional 432 shares during the period. Isthmus Partners LLC lifted its position in shares of Forward Air by 1.7% in the 4th quarter. Isthmus Partners LLC now owns 56,995 shares of the transportation company's stock worth $1,838,000 after purchasing an additional 940 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Forward Air during the fourth quarter valued at approximately $2,487,000. AlphaQuest LLC increased its holdings in Forward Air by 155.9% during the fourth quarter. AlphaQuest LLC now owns 2,925 shares of the transportation company's stock valued at $94,000 after buying an additional 1,782 shares during the period. Finally, Amundi increased its holdings in Forward Air by 149.0% during the fourth quarter. Amundi now owns 9,257 shares of the transportation company's stock valued at $296,000 after buying an additional 5,540 shares during the period. Institutional investors own 97.03% of the company's stock.

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Wall Street Analyst Weigh In

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

Forward Air Stock Down 0.9 %

NASDAQ FWRD traded down $0.18 on Wednesday, hitting $20.73. The stock had a trading volume of 655,744 shares, compared to its average volume of 852,231. The business's fifty day moving average price is $27.49 and its 200 day moving average price is $32.14. Forward Air Co. has a 52-week low of $11.21 and a 52-week high of $40.92. The stock has a market cap of $600.22 million, a price-to-earnings ratio of -0.87 and a beta of 1.08. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.21 and a quick ratio of 1.21.

About Forward Air

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.