Proficio Capital Partners LLC Buys Shares of 25,284 Forward Air Co. (NASDAQ:FWRD)

Proficio Capital Partners LLC bought a new stake in Forward Air Co. (NASDAQ:FWRD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,284 shares of the transportation company’s stock, valued at approximately $815,000. Proficio Capital Partners LLC owned 0.09% of Forward Air as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FWRD. Sugar Maple Asset Management LLC raised its stake in shares of Forward Air by 14.3% in the third quarter. Sugar Maple Asset Management LLC now owns 16,800 shares of the transportation company’s stock worth $595,000 after buying an additional 2,100 shares during the period. LMR Partners LLP bought a new position in shares of Forward Air in the third quarter worth about $232,000. Carlyle Group Inc. bought a new position in shares of Forward Air in the third quarter worth about $4,118,000. AlpInvest Partners B.V. bought a new position in shares of Forward Air in the third quarter worth about $3,969,000. Finally, Intech Investment Management LLC bought a new position in shares of Forward Air in the third quarter worth about $437,000. Institutional investors own 97.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FWRD. Benchmark reaffirmed a “hold” rating on shares of Forward Air in a research note on Tuesday, January 7th. Stifel Nicolaus raised their price objective on Forward Air from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird decreased their price objective on Forward Air from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. 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 data from MarketBeat, Forward Air currently has a consensus rating of “Hold” and an average price target of $37.00.

Forward Air Price Performance

Shares of Forward Air stock opened at $20.70 on Friday. The stock has a market cap of $599.35 million, a price-to-earnings ratio of -0.87 and a beta of 1.08. 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 stock has a 50 day moving average price of $30.55 and a 200-day moving average price of $33.17. Forward Air Co. has a one year low of $11.21 and a one year high of $40.92.

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.