UBS Group AG Trims Stake in Forward Air Co. (NASDAQ:FWRD)

UBS Group AG lowered its stake in Forward Air Co. (NASDAQ:FWRDFree Report) by 85.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,601 shares of the transportation company’s stock after selling 581,965 shares during the quarter. UBS Group AG owned approximately 0.40% of Forward Air worth $6,388,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Forward Air in the 4th quarter valued at approximately $52,000. Anchor Investment Management LLC purchased a new position in shares of Forward Air during the 4th quarter worth $99,000. QRG Capital Management Inc. purchased a new position in shares of Forward Air during the 3rd quarter worth $231,000. AlphaMark Advisors LLC lifted its stake in shares of Forward Air by 53.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,433 shares of the transportation company’s stock worth $216,000 after purchasing an additional 1,199 shares during the period. Finally, Radnor Capital Management LLC purchased a new position in shares of Forward Air during the 4th quarter worth $225,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FWRD shares. Benchmark reissued a “hold” rating on shares of Forward Air in a research note on Wednesday, April 24th. Wolfe Research raised Forward Air from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Robert W. Baird dropped their price objective on Forward Air from $24.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, StockNews.com downgraded Forward Air from a “hold” rating to a “sell” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Forward Air has a consensus rating of “Hold” and a consensus price target of $76.43.

Read Our Latest Analysis on Forward Air

Forward Air Stock Up 0.6 %

Shares of NASDAQ FWRD opened at $19.35 on Friday. Forward Air Co. has a 12-month low of $11.21 and a 12-month high of $121.38. The company has a market cap of $511.61 million, a P/E ratio of 5.60 and a beta of 0.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average price of $21.01 and a 200 day moving average price of $39.60.

Forward Air (NASDAQ:FWRDGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.49). Forward Air had a net margin of 4.08% and a return on equity of 5.37%. The company had revenue of $541.81 million during the quarter, compared to analyst estimates of $644.00 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. Research analysts anticipate that Forward Air Co. will post -0.46 EPS for the current fiscal year.

About Forward Air

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Forward Air (NASDAQ:FWRD)

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