Dynamic Technology Lab Private Ltd Acquires Shares of 8,410 Forward Air Co. (NASDAQ:FWRD)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Forward Air Co. (NASDAQ:FWRD) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 8,410 shares of the transportation company’s stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FWRD. Charles Schwab Investment Management Inc. grew its stake in Forward Air by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 675,883 shares of the transportation company’s stock worth $23,926,000 after purchasing an additional 28,669 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Forward Air in the 3rd quarter worth approximately $437,000. AlpInvest Partners B.V. bought a new stake in shares of Forward Air in the 3rd quarter valued at approximately $3,969,000. Carlyle Group Inc. acquired a new stake in shares of Forward Air during the 3rd quarter valued at approximately $4,118,000. Finally, LMR Partners LLP bought a new position in Forward Air during the third quarter worth $232,000. Institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on FWRD shares. StockNews.com upgraded shares of Forward Air to a “sell” rating in a research note on Wednesday, November 6th. Benchmark reaffirmed a “hold” rating on shares of Forward Air in a research report on Monday, August 12th. Jefferies Financial Group set a $47.00 target price on shares of Forward Air and gave the stock a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their target price on Forward Air from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus raised their price target on Forward Air from $31.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.25.

Forward Air Trading Up 1.9 %

Forward Air stock opened at $36.69 on Monday. The firm has a 50-day moving average price of $36.16 and a two-hundred day moving average price of $28.27. Forward Air Co. has a 52-week low of $11.21 and a 52-week high of $67.20. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -1.54 and a beta of 1.02. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 5.07.

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.