Forward Air Co. (NASDAQ:FWRD) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Forward Air Co. (NASDAQ:FWRD) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,204 shares of the transportation company’s stock after selling 1,624 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Forward Air worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FWRD. State of Alaska Department of Revenue boosted its stake in shares of Forward Air by 4.1% in the fourth quarter. State of Alaska Department of Revenue now owns 11,354 shares of the transportation company’s stock worth $366,000 after buying an additional 447 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Forward Air by 5.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the transportation company’s stock worth $313,000 after acquiring an additional 500 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Forward Air during the 4th quarter valued at about $745,000. Principal Financial Group Inc. increased its stake in shares of Forward Air by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 97,148 shares of the transportation company’s stock valued at $3,133,000 after purchasing an additional 6,629 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Forward Air by 17.2% in the 4th quarter. New York State Common Retirement Fund now owns 273,462 shares of the transportation company’s stock worth $8,819,000 after purchasing an additional 40,176 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Forward Air Price Performance

Shares of FWRD opened at $18.69 on Monday. The company has a market cap of $568.61 million, a P/E ratio of -0.78 and a beta of 1.29. Forward Air Co. has a fifty-two week low of $9.79 and a fifty-two week high of $40.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 5.07. The firm’s 50 day moving average price is $16.15 and its 200 day moving average price is $24.71.

Analyst Ratings Changes

A number of research firms recently issued reports on FWRD. Susquehanna dropped their price target on shares of Forward Air from $35.00 to $32.00 and set a “positive” rating on the stock in a research note on Monday, March 31st. Robert W. Baird decreased their price target on shares of Forward Air from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lowered their price objective on Forward Air from $29.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.25.

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.