Forward Air Corporation $FWRD Stock Holdings Reduced by Rothschild Investment LLC

Rothschild Investment LLC lowered its position in Forward Air Corporation (NASDAQ:FWRD) by 74.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,055 shares of the transportation company’s stock after selling 200,010 shares during the quarter. Rothschild Investment LLC owned approximately 0.22% of Forward Air worth $1,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Melqart Asset Management UK Ltd acquired a new position in shares of Forward Air during the 3rd quarter valued at about $9,805,000. Allianz Asset Management GmbH acquired a new position in shares of Forward Air during the 3rd quarter valued at about $8,295,000. Vanguard Group Inc. increased its holdings in shares of Forward Air by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,353,608 shares of the transportation company’s stock valued at $60,347,000 after acquiring an additional 307,906 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Forward Air by 1,179.7% during the 1st quarter. Royal Bank of Canada now owns 321,092 shares of the transportation company’s stock valued at $6,451,000 after acquiring an additional 296,001 shares during the last quarter. Finally, Oasis Management Co Ltd. acquired a new position in shares of Forward Air during the 3rd quarter valued at about $4,447,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on FWRD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Forward Air in a report on Tuesday, April 21st. Stifel Nicolaus set a $17.00 price objective on Forward Air in a report on Friday, May 8th. Finally, Susquehanna lowered their price objective on Forward Air from $42.00 to $18.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Forward Air has a consensus rating of “Hold” and an average target price of $17.50.

Forward Air Price Performance

Shares of NASDAQ:FWRD opened at $10.58 on Friday. The business has a 50 day moving average price of $15.87 and a 200 day moving average price of $21.81. Forward Air Corporation has a twelve month low of $7.86 and a twelve month high of $32.47. The company has a market cap of $334.59 million, a price-to-earnings ratio of -3.61 and a beta of 1.59. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 13.98.

Forward Air (NASDAQ:FWRD) last announced its earnings results on Thursday, May 7th. The transportation company reported ($1.09) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.74). Forward Air had a negative net margin of 3.71% and a negative return on equity of 41.21%. The business had revenue of $582.05 million for the quarter, compared to the consensus estimate of $620.23 million. During the same quarter in the previous year, the company earned ($1.68) EPS. Forward Air’s revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts predict that Forward Air Corporation will post -1.08 earnings per share for the current year.

About Forward Air

Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals.

Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico.