Logan Capital Management Inc. Has $272,000 Stock Holdings in Forward Air Co. (NASDAQ:FWRD)

Logan Capital Management Inc. decreased its stake in shares of Forward Air Co. (NASDAQ:FWRD) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,422 shares of the transportation company’s stock after selling 2,618 shares during the quarter. Logan Capital Management Inc.’s holdings in Forward Air were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Forward Air in the fourth quarter valued at $11,140,000. JPMorgan Chase & Co. grew its position in shares of Forward Air by 688.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,921 shares of the transportation company’s stock valued at $11,573,000 after acquiring an additional 285,465 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Forward Air in the 4th quarter valued at about $9,198,000. Brevan Howard Capital Management LP increased its stake in shares of Forward Air by 1,355.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 250,000 shares of the transportation company’s stock worth $8,062,000 after purchasing an additional 232,818 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Forward Air in the 4th quarter valued at about $6,290,000. Institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Forward Air from $29.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Robert W. Baird cut their price target on Forward Air from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Susquehanna decreased their price objective on shares of Forward Air from $35.00 to $32.00 and set a “positive” rating on the stock in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Forward Air currently has a consensus rating of “Hold” and an average target price of $32.25.

Forward Air Stock Performance

Shares of NASDAQ FWRD opened at $19.03 on Tuesday. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $578.68 million, a price-to-earnings ratio of -0.80 and a beta of 1.24. The stock’s fifty day moving average price is $17.06 and its two-hundred day moving average price is $27.08. Forward Air Co. has a one year low of $9.79 and a one year high of $40.92.

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.