Landscape Capital Management L.L.C. Takes $2.99 Million Position in Forward Air Corporation $FWRD

Landscape Capital Management L.L.C. acquired a new position in Forward Air Corporation (NASDAQ:FWRD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 221,124 shares of the transportation company’s stock, valued at approximately $2,987,000. Landscape Capital Management L.L.C. owned approximately 0.70% of Forward Air as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Forward Air by 1,179.7% in 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 boosted its holdings in Forward Air by 7.0% during the first quarter. AQR Capital Management LLC now owns 10,009 shares of the transportation company’s stock worth $201,000 after buying an additional 654 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Forward Air by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,875 shares of the transportation company’s stock worth $299,000 after buying an additional 624 shares in the last quarter. Intech Investment Management LLC grew its position in Forward Air by 64.2% in the first quarter. Intech Investment Management LLC now owns 73,040 shares of the transportation company’s stock worth $1,467,000 after buying an additional 28,564 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Forward Air by 6.6% in the second quarter. Prudential Financial Inc. now owns 21,431 shares of the transportation company’s stock worth $526,000 after buying an additional 1,323 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FWRD. Susquehanna increased their price objective on Forward Air from $18.00 to $29.00 and gave the company a “positive” rating in a research report on Thursday, August 13th. Zacks Research raised Forward Air from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Forward Air from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Stifel Nicolaus increased their price target on Forward Air from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Forward Air from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Forward Air presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Forward Air Price Performance

Shares of FWRD opened at $18.11 on Friday. The business’s 50-day moving average is $15.13 and its 200-day moving average is $17.35. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $572.64 million, a price-to-earnings ratio of -2.03 and a beta of 1.36. Forward Air Corporation has a fifty-two week low of $7.86 and a fifty-two week high of $32.00.

Forward Air Profile

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.