Forward AirFWRD
Market Cap: $844M
About: Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. The company generates maximum revenue from the Expedited Freight segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.
Employees: 4,251
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 6 (+3) [Q2]
36% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 56
10.15% more ownership
Funds ownership: 116.22% [Q1] → 126.38% (+10.15%) [Q2]
16% less funds holding
Funds holding: 225 [Q1] → 190 (-35) [Q2]
32% less capital invested
Capital invested by funds: $929M [Q1] → $636M (-$293M) [Q2]
46% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 76
53% less call options, than puts
Call options by funds: $6.92M | Put options by funds: $14.8M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Baird Benjamin Hartford 50% 1-year accuracy 3 / 6 met price target | 25%downside $24 | Neutral Maintained | 8 Aug 2024 |
Baird Benjamin Hartford 50% 1-year accuracy 3 / 6 met price target | 47%downside $17 | Neutral Maintained | 3 Jul 2024 |
Financial journalist opinion
Based on 3 articles about FWRD published over the past 30 days