221,124 Shares in Forward Air Corporation $FWRD Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Forward Air Corporation (NASDAQ:FWRD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 221,124 shares of the transportation company’s stock, valued at approximately $2,987,000.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its position in Forward Air by 1,179.7% in the 1st quarter. Royal Bank of Canada now owns 321,092 shares of the transportation company’s stock worth $6,451,000 after purchasing an additional 296,001 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Forward Air by 7.0% during the 1st quarter. AQR Capital Management LLC now owns 10,009 shares of the transportation company’s stock valued at $201,000 after buying an additional 654 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Forward Air by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,875 shares of the transportation company’s stock valued at $299,000 after buying an additional 624 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Forward Air by 64.2% in the 1st quarter. Intech Investment Management LLC now owns 73,040 shares of the transportation company’s stock valued at $1,467,000 after buying an additional 28,564 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Forward Air by 6.6% in the second quarter. Prudential Financial Inc. now owns 21,431 shares of the transportation company’s stock worth $526,000 after buying an additional 1,323 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FWRD has been the topic of several recent research reports. Wall Street Zen raised shares of Forward Air from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Forward Air from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Susquehanna increased their price target on shares of Forward Air from $18.00 to $29.00 and gave the stock a “positive” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Forward Air from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Forward Air from $19.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Forward Air Stock Performance

FWRD opened at $18.11 on Friday. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $572.64 million, a PE ratio of -2.03 and a beta of 1.36. The stock has a 50-day moving average of $15.13 and a 200-day moving average of $17.35. Forward Air Corporation has a 52-week low of $7.86 and a 52-week high of $32.00.

Forward Air Profile

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.