Rothschild Investment LLC Purchases 269,985 Shares of Forward Air Corporation $FWRD

Rothschild Investment LLC lifted its position in Forward Air Corporation (NASDAQ:FWRD) by 337,481.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 270,065 shares of the transportation company’s stock after acquiring an additional 269,985 shares during the period. Rothschild Investment LLC’s holdings in Forward Air were worth $6,924,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Forward Air by 26.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,499 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 530 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Forward Air by 207.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,753 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Forward Air by 541.5% during the third quarter. AlphaQuest LLC now owns 3,015 shares of the transportation company’s stock valued at $77,000 after buying an additional 2,545 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Forward Air in the 2nd quarter worth about $107,000. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Forward Air by 12.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,725 shares of the transportation company’s stock worth $140,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Forward Air Trading Down 1.1%

Forward Air stock opened at $26.81 on Tuesday. Forward Air Corporation has a 12-month low of $9.78 and a 12-month high of $32.47. The firm has a market capitalization of $837.81 million, a price-to-earnings ratio of -6.96 and a beta of 1.35. The firm has a 50 day moving average of $26.99 and a 200 day moving average of $25.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 8.73.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Forward Air from $42.00 to $45.00 and gave the company a “positive” rating in a research report on Monday, January 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Forward Air in a research note on Thursday, November 6th. Zacks Research cut Forward Air from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Stifel Nicolaus upped their price objective on Forward Air from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Forward Air in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.00.

Forward Air Company 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.