Forward Air Co. (NASDAQ:FWRD) Stock Holdings Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in Forward Air Co. (NASDAQ:FWRD) by 37.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 82,973 shares of the transportation company’s stock after selling 49,873 shares during the period. BNP Paribas Financial Markets owned 0.29% of Forward Air worth $2,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Forward Air by 2.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,442 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 432 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Forward Air by 4.1% in the 4th quarter. State of Alaska Department of Revenue now owns 11,354 shares of the transportation company’s stock valued at $366,000 after acquiring an additional 447 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Forward Air by 5.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 500 shares in the last quarter. Federated Hermes Inc. raised its holdings in Forward Air by 0.6% in the 4th quarter. Federated Hermes Inc. now owns 103,397 shares of the transportation company’s stock valued at $3,335,000 after acquiring an additional 572 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in Forward Air by 122.9% in the 4th quarter. Byrne Asset Management LLC now owns 1,070 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Susquehanna cut their price target on Forward Air from $35.00 to $32.00 and set a “positive” rating for the company in a report on Monday, March 31st. Robert W. Baird dropped their target price 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, Stifel Nicolaus dropped their target price on Forward Air from $29.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Forward Air presently has an average rating of “Hold” and a consensus price target of $32.25.

Forward Air Trading Up 0.5%

Shares of FWRD opened at $18.88 on Friday. Forward Air Co. has a 1 year low of $9.79 and a 1 year high of $40.92. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 5.07. The stock has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $26.84. The stock has a market cap of $574.39 million, a PE ratio of -0.79 and a beta of 1.24.

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.