Rothschild Investment LLC Buys 269,985 Shares of Forward Air Corporation $FWRD

Rothschild Investment LLC increased its stake in shares of Forward Air Corporation (NASDAQ:FWRD) by 337,481.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,065 shares of the transportation company’s stock after acquiring an additional 269,985 shares during the quarter. Rothschild Investment LLC owned approximately 0.88% of Forward Air worth $6,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FWRD. Clear Harbor Asset Management LLC purchased a new stake in shares of Forward Air during the third quarter valued at approximately $1,091,000. Private Management Group Inc. grew its holdings in Forward Air by 8.7% in the 2nd quarter. Private Management Group Inc. now owns 1,046,226 shares of the transportation company’s stock worth $25,674,000 after acquiring an additional 83,600 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of Forward Air by 7.0% in the second quarter. Jefferies Financial Group Inc. now owns 384,634 shares of the transportation company’s stock valued at $9,439,000 after acquiring an additional 25,283 shares during the period. Caxton Associates LLP increased its position in shares of Forward Air by 124.2% in the second quarter. Caxton Associates LLP now owns 107,113 shares of the transportation company’s stock valued at $2,629,000 after acquiring an additional 59,345 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Forward Air during the second quarter valued at about $371,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Forward Air Price Performance

FWRD opened at $26.81 on Tuesday. Forward Air Corporation has a 12-month low of $9.78 and a 12-month high of $32.47. The company has a market cap of $837.81 million, a price-to-earnings ratio of -6.96 and a beta of 1.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 8.73. The stock has a fifty day simple moving average of $26.99 and a two-hundred day simple moving average of $25.72.

Analysts Set New Price Targets

Several research firms recently issued reports on FWRD. Zacks Research cut Forward Air from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Susquehanna raised their price target on Forward Air from $42.00 to $45.00 and gave the stock a “positive” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Forward Air in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Forward Air from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Forward Air in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.00.

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.