Sugar Maple Asset Management LLC Has $595,000 Holdings in Forward Air Co. (NASDAQ:FWRD)

Sugar Maple Asset Management LLC increased its holdings in Forward Air Co. (NASDAQ:FWRD) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,800 shares of the transportation company’s stock after buying an additional 2,100 shares during the period. Sugar Maple Asset Management LLC owned 0.06% of Forward Air worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Forward Air by 62.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,990 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 763 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Forward Air during the third quarter worth about $39,000. Creative Planning grew its stake in Forward Air by 6.0% during the third quarter. Creative Planning now owns 19,885 shares of the transportation company’s stock worth $704,000 after buying an additional 1,129 shares in the last quarter. GAMMA Investing LLC increased its holdings in Forward Air by 89.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,768 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,776 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Forward Air during the 2nd quarter worth approximately $26,000. 97.03% of the stock is currently owned by institutional investors.

Forward Air Stock Down 4.3 %

Shares of FWRD opened at $34.52 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.33 and a debt-to-equity ratio of 5.07. Forward Air Co. has a 52 week low of $11.21 and a 52 week high of $67.20. The stock has a fifty day moving average of $36.05 and a 200-day moving average of $27.13.

Analyst Upgrades and Downgrades

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

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.