23,096 Shares in Forward Air Co. (NASDAQ:FWRD) Purchased by Legato Capital Management LLC

Legato Capital Management LLC purchased a new position in shares of Forward Air Co. (NASDAQ:FWRD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,096 shares of the transportation company's stock, valued at approximately $745,000. Legato Capital Management LLC owned approximately 0.08% of Forward Air as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FWRD. Charles Schwab Investment Management Inc. grew its stake in Forward Air by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 675,883 shares of the transportation company's stock valued at $23,926,000 after purchasing an additional 28,669 shares in the last quarter. Goldentree Asset Management LP acquired a new stake in shares of Forward Air in the 3rd quarter valued at approximately $14,270,000. Assenagon Asset Management S.A. acquired a new stake in shares of Forward Air in the 4th quarter valued at approximately $11,140,000. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 285,465 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in Forward Air by 1,481.6% during the third quarter. Verition Fund Management LLC now owns 208,396 shares of the transportation company's stock worth $7,377,000 after buying an additional 195,220 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FWRD has been the subject of several research reports. StockNews.com raised Forward Air to a "sell" rating in a report on Wednesday, November 6th. Benchmark restated a "hold" rating on shares of Forward Air in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their target price on Forward Air from $34.00 to $36.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $35.67.

Forward Air Trading Up 1.1 %

Shares of Forward Air stock traded up $0.33 during trading on Monday, hitting $30.63. The company's stock had a trading volume of 490,200 shares, compared to its average volume of 499,465. The stock has a market cap of $886.74 million, a price-to-earnings ratio of -1.29 and a beta of 1.03. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.21 and a quick ratio of 1.21. Forward Air Co. has a 52 week low of $11.21 and a 52 week high of $41.89. The stock has a 50-day moving average price of $32.16 and a two-hundred day moving average price of $33.26.

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.