Inspire Investing LLC Acquires 1,088 Shares of Forward Air Co. (NASDAQ:FWRD)

Inspire Investing LLC raised its holdings in shares of Forward Air Co. (NASDAQ:FWRD) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,601 shares of the transportation company’s stock after purchasing an additional 1,088 shares during the period. Inspire Investing LLC’s holdings in Forward Air were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Forward Air in the 3rd quarter worth about $39,000. Point72 DIFC Ltd purchased a new position in Forward Air in the second quarter worth about $26,000. Nisa Investment Advisors LLC lifted its stake in shares of Forward Air by 62.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,990 shares of the transportation company’s stock worth $70,000 after buying an additional 763 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Forward Air by 89.2% in the third quarter. GAMMA Investing LLC now owns 3,768 shares of the transportation company’s stock worth $133,000 after buying an additional 1,776 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Forward Air during the third quarter valued at approximately $224,000. Institutional investors own 97.03% of the company’s stock.

Forward Air Trading Up 0.1 %

NASDAQ:FWRD opened at $33.51 on Friday. The company has a market cap of $970.11 million, a PE ratio of -1.41 and a beta of 1.04. 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 company has a 50 day simple moving average of $33.15 and a two-hundred day simple moving average of $32.37. Forward Air Co. has a 12 month low of $11.21 and a 12 month high of $49.55.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group set a $47.00 price objective on shares of Forward Air and gave the stock a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus boosted their price target on Forward Air from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday. StockNews.com raised Forward Air to a “sell” rating in a report on Wednesday, November 6th. Finally, Benchmark reiterated a “hold” rating on shares of Forward Air in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.67.

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.