Dimensional Fund Advisors LP Has $5.33 Million Position in Forward Air Corporation $FWRD

Key Points

• Dimensional Fund Advisors more than doubled its Forward Air position in the first quarter, adding 166,084 shares to hold 318,858 shares valued at approximately $5.33 million. Institutional investors and hedge funds collectively own 97.03% of FWRD.
• Analyst sentiment is mixed but leans positive: Forward Air has a consensus rating of “Moderate Buy” and a $22.50 price target, though Susquehanna sharply cut its target to $18 while Stifel raised its target to $27.
• FWRD opened at $18.60, with a market capitalization of about $588 million, a negative price-to-earnings ratio of -2.09, and a 52-week trading range of $7.86 to $32.00.

Dimensional Fund Advisors LP increased its holdings in shares of Forward Air Corporation (NASDAQ:FWRD - Free Report) by 108.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,858 shares of the transportation company's stock after purchasing an additional 166,084 shares during the period. Dimensional Fund Advisors LP owned approximately 0.98% of Forward Air worth $5,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ancora Advisors LLC raised its holdings in shares of Forward Air by 8.5% in the third quarter. Ancora Advisors LLC now owns 1,475,055 shares of the transportation company's stock valued at $37,820,000 after purchasing an additional 116,012 shares during the last quarter. State Street Corp lifted its position in Forward Air by 2.1% during the 4th quarter. State Street Corp now owns 949,784 shares of the transportation company's stock worth $23,745,000 after buying an additional 19,854 shares in the last quarter. Melqart Asset Management UK Ltd lifted its position in Forward Air by 122.3% during the 4th quarter. Melqart Asset Management UK Ltd now owns 849,876 shares of the transportation company's stock worth $21,247,000 after buying an additional 467,482 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Forward Air by 3.8% during the 4th quarter. Cibc World Market Inc. now owns 784,731 shares of the transportation company's stock worth $19,618,000 after buying an additional 28,693 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Forward Air by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 611,316 shares of the transportation company's stock worth $15,002,000 after buying an additional 121,190 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on FWRD shares. Susquehanna decreased their target price on shares of Forward Air from $42.00 to $18.00 and set a "positive" rating for the company in a research note on Friday, May 8th. Weiss Ratings raised shares of Forward Air from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Forward Air from a "sell" rating to a "hold" rating in a research note on Saturday. Zacks Research raised shares of Forward Air from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Forward Air from $19.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Forward Air Stock Down 0.9%

FWRD stock opened at $18.60 on Wednesday. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $588.13 million, a price-to-earnings ratio of -2.09 and a beta of 1.36. The business's fifty day moving average price is $13.93 and its two-hundred day moving average price is $17.77. Forward Air Corporation has a fifty-two week low of $7.86 and a fifty-two 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.

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