Yousif Capital Management LLC Sells 615 Shares of Forward Air Co. (NASDAQ:FWRD)

Yousif Capital Management LLC lessened its holdings in Forward Air Co. (NASDAQ:FWRD) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,749 shares of the transportation company’s stock after selling 615 shares during the quarter. Yousif Capital Management LLC’s holdings in Forward Air were worth $802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in Forward Air by 15,487.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 726,538 shares of the transportation company’s stock valued at $49,942,000 after acquiring an additional 721,877 shares in the last quarter. UBS Group AG lifted its position in Forward Air by 809.8% during the third quarter. UBS Group AG now owns 683,566 shares of the transportation company’s stock worth $46,988,000 after purchasing an additional 608,430 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Forward Air during the third quarter worth about $27,870,000. Schroder Investment Management Group bought a new position in Forward Air in the 3rd quarter valued at about $22,874,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Forward Air in the 3rd quarter valued at approximately $17,743,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FWRD. Robert W. Baird decreased their price objective on shares of Forward Air from $50.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Benchmark restated a “hold” rating on shares of Forward Air in a research report on Wednesday, April 24th. Wolfe Research cut Forward Air from a “peer perform” rating to an “underperform” rating and set a $50.00 target price on the stock. in a research report on Wednesday, January 10th. Stifel Nicolaus dropped their target price on shares of Forward Air from $80.00 to $55.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Finally, StockNews.com lowered shares of Forward Air from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Forward Air has a consensus rating of “Hold” and an average price target of $80.14.

Forward Air Trading Up 3.1 %

Shares of NASDAQ FWRD opened at $21.78 on Friday. The stock has a market cap of $574.34 million, a P/E ratio of 3.39 and a beta of 1.06. The firm has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $48.07. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.46 and a current ratio of 1.46. Forward Air Co. has a 52-week low of $20.95 and a 52-week high of $121.38.

Forward Air (NASDAQ:FWRD) last posted its quarterly earnings data on Thursday, February 29th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.16). Forward Air had a net margin of 10.58% and a return on equity of 15.30%. The company had revenue of $338.43 million during the quarter, compared to analyst estimates of $406.96 million. During the same quarter in the previous year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. As a group, equities analysts forecast that Forward Air Co. will post 0.56 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.