Bfsg LLC Has $250,000 Stock Holdings in Forward Air Co. (NASDAQ:FWRD)

Bfsg LLC lowered its holdings in shares of Forward Air Co. (NASDAQ:FWRD) by 29.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,075 shares of the transportation company’s stock after selling 3,021 shares during the period. Bfsg LLC’s holdings in Forward Air were worth $250,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Point72 DIFC Ltd bought a new stake in Forward Air in the 2nd quarter valued at about $26,000. Gladius Capital Management LP grew its holdings in shares of Forward Air by 33.5% during the second quarter. Gladius Capital Management LP now owns 1,964 shares of the transportation company’s stock valued at $37,000 after buying an additional 493 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Forward Air by 2,329.3% during the second quarter. GAMMA Investing LLC now owns 1,992 shares of the transportation company’s stock worth $38,000 after acquiring an additional 1,910 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Forward Air by 98.5% in the 1st quarter. Headlands Technologies LLC now owns 1,634 shares of the transportation company’s stock worth $51,000 after acquiring an additional 811 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in Forward Air by 36.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,220 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Forward Air in a research note on Monday, August 12th. Robert W. Baird boosted their price target on shares of Forward Air from $17.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

Forward Air Price Performance

Forward Air stock opened at $40.16 on Friday. The company has a debt-to-equity ratio of 4.70, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $1.06 billion, a P/E ratio of 11.74 and a beta of 1.02. Forward Air Co. has a one year low of $11.21 and a one year high of $77.55. The business has a fifty day moving average price of $33.50 and a 200-day moving average price of $25.52.

Forward Air (NASDAQ:FWRD) last posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported ($23.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($23.11). The company had revenue of $643.67 million for the quarter, compared to the consensus estimate of $642.92 million. Forward Air had a negative return on equity of 79.11% and a negative net margin of 30.77%. The business’s revenue was up 92.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, equities research analysts forecast that Forward Air Co. will post -1.01 EPS for the current year.

Forward Air 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.