<div id="readability-page-1"><p>Bank of America Corp DE reduced its position in  Forward Air Co. (NASDAQ:FWRD - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,093 shares of the transportation company's stock after selling 199,846 shares during the period. Bank of America Corp DE owned approximately 1.34% of Forward Air worth $12,548,000 at the end of the most recent quarter.</p><ul><li>7 Short Squeeze Stocks to Look Into for Your Portfolio</li></ul><p>A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FWRD. Adage Capital Partners GP L.L.C. purchased a new position in  Forward Air in the 4th quarter valued at about $9,198,000.  Renaissance Technologies LLC purchased a new position in  Forward Air in the 4th quarter valued at about $6,290,000.  Icon Advisers Inc. Co. purchased a new position in  Forward Air in the 4th quarter valued at about $4,128,000.  Mill Road Capital Management LLC purchased a new position in  Forward Air in the 4th quarter valued at about $4,117,000.  Finally, Charles Schwab Investment Management Inc. boosted its position in  Forward Air by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 755,843 shares of the transportation company's stock valued at $24,376,000 after buying an additional 79,960 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors. </p><h2>Forward Air Stock Performance</h2><p>Shares of FWRD stock opened at $17.29 on Friday. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.21 and a current ratio of 1.21. Forward Air Co. has a one year low of $9.79 and a one year high of $40.92. The company's 50-day simple moving average is $16.91 and its 200-day simple moving average is $26.23. The stock has a market capitalization of $526.01 million, a price-to-earnings ratio of -0.73 and a beta of 1.24. </p><h2>Analysts Set New Price Targets</h2><p>A number of research firms have weighed in on FWRD. Susquehanna decreased their price objective on shares of Forward Air from $35.00 to $32.00 and set a &#34;positive&#34; rating for the company in a research report on Monday, March 31st. Robert W. Baird reduced their price target on shares of Forward Air from $32.00 to $28.00 and set a &#34;neutral&#34; rating on the stock in a research report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price target on shares of Forward Air from $29.00 to $22.00 and set a &#34;hold&#34; rating on the stock in a research report on Thursday, April 10th. One research analyst  has rated the stock with a sell rating, four have issued  a hold rating and two have issued  a buy rating to the stock. According to data from MarketBeat, Forward Air  has an average rating of &#34;Hold&#34; and an average price target of $32.25.</p><p><b>Check Out Our Latest Analysis on FWRD</b></p><h2>Forward Air Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Forward Air</li><li>Investing in Commodities: What Are They? How to Invest in Them</li><li>Turbulence for Joby Shares: What's Behind the Recent Dip?</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Why Carnival Could Be the Ultimate Non-Tech Growth Stock</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Super Micro Computer Stock Clears New Path Higher on Saudi Orders</li></ul><p><strong>Want to see what other hedge funds are holding FWRD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forward Air Co. (NASDAQ:FWRD - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Forward Air Right Now?</h2><p>Before you consider Forward Air, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forward Air wasn't on the list.</p><p>While Forward Air currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FWRD

<p>Bank of America Corp DE has decreased its stake in Forward Air Co. (NASDAQ:FWRD) by 33.9%, now owning 389,093 shares valued at approximately $12.5 million. Other institutional investors have also adjusted their positions in FWRD. The stock opened at $17.29, with a market cap of $526.01 million. Analysts have set new price targets, with an average target of $32.25 and a consensus rating of "Hold". Forward Air operates as a freight and logistics company in the U.S. and Canada.</p>

- Bank of America Corp DE reduced its stake in Forward Air Co. by 33.9% in Q4, owning 389,093 shares valued at $12.5 million.  
- Other institutional investors also adjusted their positions, with notable purchases from Adage Capital Partners and Renaissance Technologies.  
- Forward Air's stock has a market cap of $526.01 million, with analysts giving it an average rating of "Hold" and a price target of $32.25.

Bank of America Corp DE Decreases Stake in Forward Air Co. (NASDAQ:FWRD)