Quadrature Capital Ltd Has $2.28 Million Stock Holdings in Forward Air Co. (NASDAQ:FWRD)

Quadrature Capital Ltd grew its position in Forward Air Co. (NASDAQ:FWRD) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,193 shares of the transportation company’s stock after purchasing an additional 13,385 shares during the period. Quadrature Capital Ltd owned about 0.28% of Forward Air worth $2,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FWRD. AlphaMark Advisors LLC raised its holdings in shares of Forward Air by 53.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,433 shares of the transportation company’s stock worth $216,000 after acquiring an additional 1,199 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Forward Air by 0.9% during the fourth quarter. Boston Trust Walden Corp now owns 299,755 shares of the transportation company’s stock worth $18,846,000 after acquiring an additional 2,710 shares during the period. Equitable Trust Co. increased its stake in Forward Air by 7.0% in the 4th quarter. Equitable Trust Co. now owns 4,205 shares of the transportation company’s stock valued at $264,000 after buying an additional 276 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Forward Air in the 4th quarter valued at $805,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Forward Air by 24.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,415 shares of the transportation company’s stock valued at $340,000 after buying an additional 1,072 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FWRD has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of Forward Air in a research note on Wednesday, April 24th. Wolfe Research upgraded shares of Forward Air from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird lifted their price target on shares of Forward Air from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Forward Air has an average rating of “Hold” and a consensus price target of $76.86.

Forward Air Stock Performance

Shares of FWRD traded down $1.67 during midday trading on Friday, reaching $26.00. The stock had a trading volume of 627,162 shares, compared to its average volume of 741,500. The firm has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $28.58. Forward Air Co. has a one year low of $11.21 and a one year high of $121.38. The firm has a market cap of $687.44 million, a PE ratio of 7.60 and a beta of 1.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27.

Forward Air (NASDAQ:FWRD) last announced its earnings results on Wednesday, May 8th. The transportation company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.49). Forward Air had a return on equity of 5.37% and a net margin of 4.08%. The company had revenue of $541.81 million for the quarter, compared to the consensus estimate of $644.00 million. During the same period in the previous year, the firm posted $1.37 EPS. As a group, sell-side analysts anticipate that Forward Air Co. will post -0.46 EPS for the current year.

Forward Air 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.