Logan Capital Management Inc. Has $391,000 Stake in Forward Air Co. (NASDAQ:FWRD)

Logan Capital Management Inc. reduced its stake in shares of Forward Air Co. (NASDAQ:FWRD) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,040 shares of the transportation company’s stock after selling 414 shares during the quarter. Logan Capital Management Inc.’s holdings in Forward Air were worth $391,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in shares of Forward Air during the 2nd quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Forward Air during the third quarter worth $39,000. Nisa Investment Advisors LLC boosted its position in Forward Air by 62.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,990 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 763 shares during the last quarter. GAMMA Investing LLC grew its stake in Forward Air by 89.2% in the third quarter. GAMMA Investing LLC now owns 3,768 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Forward Air by 33.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,218 shares of the transportation company’s stock worth $137,000 after purchasing an additional 1,803 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on FWRD. Jefferies Financial Group set a $47.00 price target on Forward Air and gave the company a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus lifted their target price on shares of Forward Air from $31.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Forward Air to a “sell” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.25.

Forward Air Stock Down 2.0 %

Shares of FWRD stock opened at $32.84 on Friday. The stock’s 50 day simple moving average is $35.84 and its 200 day simple moving average is $29.60. Forward Air Co. has a twelve month low of $11.21 and a twelve month high of $67.20. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $950.85 million, a price-to-earnings ratio of -1.38 and a beta of 1.02.

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.