Amalgamated Bank Has $210,000 Position in Forward Air Co. (NASDAQ:FWRD)

Amalgamated Bank trimmed its holdings in shares of Forward Air Co. (NASDAQ:FWRD) by 35.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,921 shares of the transportation company’s stock after selling 3,245 shares during the period. Amalgamated Bank’s holdings in Forward Air were worth $210,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Boston Trust Walden Corp bought a new stake in Forward Air during the second quarter worth $611,000. Vanguard Group Inc. raised its position in Forward Air by 14.2% during the first quarter. Vanguard Group Inc. now owns 3,407,797 shares of the transportation company’s stock worth $106,017,000 after acquiring an additional 424,924 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Forward Air during the first quarter worth $237,000. Seven Eight Capital LP raised its position in Forward Air by 198.5% during the first quarter. Seven Eight Capital LP now owns 70,470 shares of the transportation company’s stock worth $2,192,000 after acquiring an additional 46,864 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Forward Air by 103.9% during the first quarter. Tidal Investments LLC now owns 21,347 shares of the transportation company’s stock worth $664,000 after acquiring an additional 10,877 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Forward Air Trading Down 4.3 %

FWRD stock opened at $34.52 on Monday. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.33 and a current ratio of 1.21. The company’s 50-day simple moving average is $36.05 and its 200 day simple moving average is $27.17. Forward Air Co. has a 52 week low of $11.21 and a 52 week high of $67.20. The company has a market capitalization of $999.35 million, a PE ratio of -1.45 and a beta of 1.02.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Forward Air from $31.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Benchmark reissued a “hold” rating on shares of Forward Air in a research report on Monday, August 12th. Robert W. Baird increased their price objective on shares of Forward Air from $17.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Jefferies Financial Group set a $47.00 price objective on shares of Forward Air and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Forward Air to a “sell” rating in a research report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Forward Air presently has a consensus rating of “Hold” and an average price target of $39.25.

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.