8,410 Shares in Forward Air Co. (NASDAQ:FWRD) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Forward Air Co. (NASDAQ:FWRD) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,410 shares of the transportation company’s stock, valued at approximately $298,000.

Several other institutional investors also recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in Forward Air in the third quarter valued at $39,000. Point72 DIFC Ltd acquired a new position in shares of Forward Air in the 2nd quarter valued at about $26,000. Gladius Capital Management LP grew its holdings in shares of Forward Air by 33.5% during the 2nd quarter. Gladius Capital Management LP now owns 1,964 shares of the transportation company’s stock worth $37,000 after purchasing an additional 493 shares during the period. Nisa Investment Advisors LLC increased its position in Forward Air by 62.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,990 shares of the transportation company’s stock worth $70,000 after purchasing an additional 763 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Forward Air by 2,329.3% in the second quarter. GAMMA Investing LLC now owns 1,992 shares of the transportation company’s stock valued at $38,000 after buying an additional 1,910 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FWRD has been the subject of several research reports. StockNews.com upgraded shares of Forward Air to a “sell” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Forward Air in a report on Monday, August 12th. Stifel Nicolaus boosted their price objective on Forward Air from $31.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group set a $47.00 target price on Forward Air and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their target price on Forward Air from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.25.

Forward Air Stock Performance

Shares of FWRD stock opened at $36.69 on Monday. The company’s fifty day moving average price is $36.16 and its two-hundred day moving average price is $28.27. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $1.06 billion, a P/E ratio of -1.54 and a beta of 1.02. Forward Air Co. has a 12 month low of $11.21 and a 12 month high of $67.20.

About Forward Air

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.