Forward AirFWRD
FWRD
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more capital invested
Capital invested by funds: $652M [Q2] → $1.17B (+$515M) [Q3]
39% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 36
17% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]
7% more funds holding
Funds holding: 192 [Q2] → 206 (+14) [Q3]
10.63% less ownership
Funds ownership: 129.57% [Q2] → 118.94% (-10.63%) [Q3]
20% less call options, than puts
Call options by funds: $73.3M | Put options by funds: $92M
46% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 82
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$36
24%
upside
Avg. target
$36
24%
upside
High target
$36
24%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Stifel J. Bruce Chan 43% 1-year accuracy 15 / 35 met price target | 24%upside $36 | Hold Maintained | 21 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
2 days ago
Forward Air Releases 2024 Environmental, Social and Governance Report
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) announced today the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of its ESG commitments, goals and progress. The 2024 ESG report includes data that is aligned with the Sustainability Accounting Standards Board, Task Force on Climate-Related Financial Disclosures and Global Reporting Initiative guidance. The report and ESG website are accessible throu.
Neutral
Business Wire
4 weeks ago
Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) hosted the third annual Drive for Hope Golf Tournament November 11-12 at Chateau Elan Winery & Resort in Braselton, GA. Through its charitable platform, Operation Forward Freedom, the Company raised $350,000 to benefit Hope For The Warriors. Founded in 2006, Hope For The Warriors is a national nonprofit dedicated to restoring a foundation of stability, strength and community for post-9/1.
Neutral
Business Wire
1 month ago
Forward Air Announces New Chief Commercial Officer
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Busines.
Neutral
Seeking Alpha
1 month ago
Forward Air Corporation (FWRD) Q3 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño - SVP, Treasury and IR Shawn Stewart - CEO Jamie Pierson - CFO Conference Call Participants Bruce Chan - Stifel Joe Hafling - Jefferies Scott Group - Wolfe Research Bascome Majors - Susquehanna Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air's Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
Neutral
Business Wire
1 month ago
Forward Air Corporation Reports Third Quarter 2024 Results
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three months ended September 30, 2024, as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. “Our team continues to focus on harnessing the power of the combined legacy Forward and Omni companies as we begin the transition from integration to.
Neutral
Business Wire
1 month ago
Forward Air Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its third quarter 2024 earnings after the market closes on Monday, November 4, 2024, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 225-9448, Access Code: FWRDQ324. A conference call replay will be av.
Positive
Zacks Investment Research
2 months ago
Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?
Forward Air (FWRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Positive
The Motley Fool
2 months ago
Why Forward Air Stock Soared Today
A voice within the company is pushing for a change in ownership.
Neutral
Business Wire
2 months ago
Forward Air Corporation Issues Statement
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”) today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense.
Neutral
Business Wire
2 months ago
Alta Fox Calls for Immediate Strategic Review at Forward Air Corporation
DALLAS--(BUSINESS WIRE)--Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”) today issued the following letter to the Board of Directors (the “Board”) of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”): October 7, 2024 Forward Air Corporation 1915 Snapps Ferry Road, Building N Greeneville, Tennessee 37745 Attn: The Board of Directors Members of the Board: Alta Fox owns over 3% of the outstanding common shares of Forward Air. Do not confuse.
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