Northwest Investment Counselors buys $626,984 stake in Forward Air Corporation (FWRD)

Forward Air Corporation (FWRD) : Northwest Investment Counselors scooped up 1,479 additional shares in Forward Air Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 13,292 shares of Forward Air Corporation which is valued at $626,984.Forward Air Corporation makes up approximately 0.35% of Northwest Investment Counselors’s portfolio.

Forward Air Corporation opened for trading at $47.22 and hit $48.2 on the upside on Wednesday, eventually ending the session at $47.27, with a gain of 0.32% or 0.15 points. The heightened volatility saw the trading volume jump to 2,03,418 shares. Company has a market cap of $1,444 M.

Other Hedge Funds, Including , Cardinal Capital Management boosted its stake in FWRD in the latest quarter, The investment management firm added 2,929 additional shares and now holds a total of 13,635 shares of Forward Air Corporation which is valued at $643,163. Forward Air Corporation makes up approx 0.26% of Cardinal Capital Management’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in FWRD by selling 8,430 shares or 33.19% in the most recent quarter. The Hedge Fund company now holds 16,970 shares of FWRD which is valued at $800,475. Forward Air Corporation makes up approx 0.09% of Thomson Horstmann Bryant Inc’s portfolio.Profit Investment Management boosted its stake in FWRD in the latest quarter, The investment management firm added 18,451 additional shares and now holds a total of 42,747 shares of Forward Air Corporation which is valued at $2,016,376. Forward Air Corporation makes up approx 0.85% of Profit Investment Management’s portfolio.Gemmer Asset Management reduced its stake in FWRD by selling 19 shares or 33.93% in the most recent quarter. The Hedge Fund company now holds 37 shares of FWRD which is valued at $1,689.Donald L. Hagan boosted its stake in FWRD in the latest quarter, The investment management firm added 186 additional shares and now holds a total of 11,192 shares of Forward Air Corporation which is valued at $510,915. Forward Air Corporation makes up approx 0.47% of Donald L. Hagan’s portfolio.

On the company’s financial health, Forward Air Corporation reported $0.43 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.43. The company had revenue of $229.50 million for the quarter, compared to analysts expectations of $228.71 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Forward Air Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .Company shares were Reiterated by Cowen on Apr 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .Shares were Reiterated by Cowen on Feb 11, 2016 to “Market Perform” and Lowered the Price Target to $ 42 from a previous price target of $47 .

Forward Air Corporation is a provider of time-definite surface transportation and related logistics services to the North American air freight and expedited LTL market. The Company operates in three segments: Forward Air (Forward Air) Forward Air Solutions (FASI) and Total Quality (TQI). It also offers its customers an array of logistics and other services including expedited full truckload (TLX); dedicated fleets; warehousing; customs brokerage; and shipment consolidation deconsolidation and handling. It has a network of freight terminals located on or near airports in 87 the United States and Canadian cities including its central sorting facility in Columbus Ohio and 11 regional sort centers. Its customers include wholesale transportation community freight forwarders customs brokers and airlines. Its brands include Forward Air Inc. Roadfeeder Network Forward Air Forward Air Solutions Forward Air TLXSM Forward Air Complete PROUD and Total Quality Inc.

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