Caxton Associates LLP Invests $960,000 in Forward Air Corporation $FWRD

Key Points

• Caxton Associates LLP invested approximately $960,000 in Forward Air Corporation, acquiring 47,768 shares in the first quarter, which represented a 0.16% stake in the company.
• The stock has seen a debt-to-equity ratio of 7.91 and a current market cap of $912.92 million, with shares currently trading around $29.65, despite reporting a loss of $0.41 per share in its latest earnings report.
• Analysts have a consensus rating of "Moderate Buy" for Forward Air, with a price target average of $37.75, following several price adjustments and ratings upgrades from various equities analysts.

Caxton Associates LLP bought a new stake in Forward Air Corporation (NASDAQ:FWRD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 47,768 shares of the transportation company's stock, valued at approximately $960,000. Caxton Associates LLP owned about 0.16% of Forward Air as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Forward Air by 17.3% in the fourth quarter. Northern Trust Corp now owns 295,226 shares of the transportation company's stock valued at $9,521,000 after buying an additional 43,567 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Forward Air by 32.7% during the 4th quarter. Gotham Asset Management LLC now owns 46,196 shares of the transportation company's stock worth $1,490,000 after buying an additional 11,389 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Forward Air by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,251 shares of the transportation company's stock worth $460,000 after buying an additional 498 shares during the period. Numerai GP LLC acquired a new position in shares of Forward Air during the fourth quarter valued at about $1,012,000. Finally, Quantinno Capital Management LP increased its stake in Forward Air by 9.7% in the fourth quarter. Quantinno Capital Management LP now owns 6,949 shares of the transportation company's stock valued at $224,000 after acquiring an additional 615 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.

Wall Street Analysts Forecast Growth

FWRD has been the topic of several recent analyst reports. Susquehanna boosted their target price on Forward Air from $40.00 to $43.00 and gave the stock a "positive" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Forward Air from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Stifel Nicolaus raised their target price on shares of Forward Air from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Forward Air presently has an average rating of "Moderate Buy" and a consensus target price of $37.75.

Forward Air Trading Down 2.5%

Shares of Forward Air stock traded down $0.76 during trading on Tuesday, hitting $29.25. The company's stock had a trading volume of 356,208 shares, compared to its average volume of 469,272. Forward Air Corporation has a 52 week low of $9.78 and a 52 week high of $40.92. The stock has a 50-day moving average price of $29.41 and a two-hundred day moving average price of $22.48. The stock has a market cap of $900.61 million, a price-to-earnings ratio of -4.88 and a beta of 1.40. The company has a debt-to-equity ratio of 7.91, a current ratio of 1.20 and a quick ratio of 1.20.

Forward Air (NASDAQ:FWRD - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The transportation company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.24). The firm had revenue of $618.84 million for the quarter, compared to the consensus estimate of $627.98 million. Forward Air had a negative net margin of 6.86% and a negative return on equity of 40.36%. The company's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($23.29) EPS. Equities research analysts anticipate that Forward Air Corporation will post -0.72 EPS for the current fiscal year.

Forward Air Company 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.