Rothschild Investment LLC Has $1.75 Million Holdings in Forward Air Corporation $FWRD

Rothschild Investment LLC lessened its position in shares of Forward Air Corporation (NASDAQ:FWRD) by 74.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 70,055 shares of the transportation company’s stock after selling 200,010 shares during the quarter. Rothschild Investment LLC’s holdings in Forward Air were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FWRD. Royal Bank of Canada grew its holdings in shares of Forward Air by 1,179.7% during the 1st quarter. Royal Bank of Canada now owns 321,092 shares of the transportation company’s stock worth $6,451,000 after purchasing an additional 296,001 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Forward Air by 7.0% during the 1st quarter. AQR Capital Management LLC now owns 10,009 shares of the transportation company’s stock worth $201,000 after purchasing an additional 654 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Forward Air by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,875 shares of the transportation company’s stock worth $299,000 after purchasing an additional 624 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Forward Air by 64.2% during the 1st quarter. Intech Investment Management LLC now owns 73,040 shares of the transportation company’s stock worth $1,467,000 after purchasing an additional 28,564 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Forward Air by 6.6% during the 2nd quarter. Prudential Financial Inc. now owns 21,431 shares of the transportation company’s stock worth $526,000 after purchasing an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FWRD shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Forward Air in a report on Tuesday, April 21st. Susquehanna cut their target price on Forward Air from $42.00 to $18.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $17.00 target price on Forward Air in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Forward Air has a consensus rating of “Hold” and an average price target of $17.50.

Forward Air Price Performance

Forward Air stock opened at $10.58 on Friday. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $334.59 million, a PE ratio of -3.61 and a beta of 1.59. Forward Air Corporation has a one year low of $7.86 and a one year high of $32.47. The business has a 50 day simple moving average of $15.87 and a 200 day simple moving average of $21.81.

Forward Air (NASDAQ:FWRD) last posted its earnings results on Thursday, May 7th. The transportation company reported ($1.09) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.74). The company had revenue of $582.05 million for the quarter, compared to the consensus estimate of $620.23 million. Forward Air had a negative return on equity of 41.21% and a negative net margin of 3.71%.Forward Air’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned ($1.68) EPS. On average, sell-side analysts forecast that Forward Air Corporation will post -1.08 EPS for the current fiscal year.

About Forward Air

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.