Forward AirFWRD
FWRD
About: Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics 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: 6,586
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
4.69% less ownership
Funds ownership: 114.48% [Q4 2024] → 109.8% (-4.69%) [Q1 2025]
8% less funds holding
Funds holding: 209 [Q4 2024] → 192 (-17) [Q1 2025]
19% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 70
33% less call options, than puts
Call options by funds: $21.4M | Put options by funds: $31.8M
37% less capital invested
Capital invested by funds: $1.07B [Q4 2024] → $671M (-$399M) [Q1 2025]
39% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 41
40% less funds holding in top 10
Funds holding in top 10: 10 [Q4 2024] → 6 (-4) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
9%
upside
Avg. target
$27
34%
upside
High target
$32
58%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel J. Bruce Chan | 9%upside $22 | Hold Maintained | 10 Apr 2025 |
Susquehanna Bascome Majors | 58%upside $32 | Positive Maintained | 31 Mar 2025 |
Financial journalist opinion
Based on 9 articles about FWRD published over the past 30 days
Positive
Reuters
1 day ago
US trucker Forward Air attracts takeover interest from buyout firms, sources say
Private equity firms including Blackstone and Apollo Global Management have expressed interest in acquiring U.S. trucker Forward Air , people familiar with the matter said.
Positive
Seeking Alpha
1 day ago
From Setback To Strength: Forward Air's Bumpy Road To Recovery
Forward Air's Q1 2025 results show margin recovery, improved free cash flow, and strong liquidity, despite an adjusted EPS loss and stock price decline. The Omni Logistics acquisition has transformed Forward Air into a global logistics leader, driving revenue growth and operational synergies. Risks include high leverage, integration challenges, and activist pressure for a sale, but robust liquidity and operational improvements support a hold rating, so to Hold the stock.
Neutral
Business Wire
2 days ago
Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today issued the following statement regarding the announced voting results of the Company's 2025 Annual Meeting of Shareholders. “This vote is a clear mandate that shareholders expect Forward Air to expeditiously complete a credible strategic review that leads to a sale at a meaningful prem.
Neutral
Business Wire
2 days ago
Forward Air Corporation Announces Results of 2025 Annual Meeting and Board Changes
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward Air”, “we”, “our”, or “us”) today announced changes to its Board of Directors following the Company's 2025 Annual Meeting of Shareholders. Under the Company's Corporate Governance Guidelines, the Forward Air Board of Directors has accepted the resignation of George Mayes, effective immediately. While Javier Polit and Laurie Tucker received the support of a majority of the votes cast by shareholde.
Neutral
PRNewsWire
5 days ago
Freightos Looks To Scale Platform Transactions with Forward Air Corporation Partnership
Expanded integration on 7LFreight by WebCargo enables digital bookings for LTL and linehaul trucking across North America and Mexico GREENEVILLE, Tenn. and BARCELONA, Spain , June 9, 2025 /PRNewswire/ -- Freightos (Nasdaq: CRGO), the leading digital freight booking and payment platform, and Forward Air Corporation (Nasdaq: FWRD), known as Forward, a premier provider of ground transportation services across the United States, Canada and Mexico today announced an expanded collaboration that will enable freight forwarders to instantly book less-than-truckload (LTL) and linehaul trucking through the 7LFreight by WebCargo platform.
Neutral
Business Wire
1 week ago
Lakeview Announces Intent to Withhold Support for Directors of Forward Air Corp. at Annual Meeting
CHICAGO--(BUSINESS WIRE)--Lakeview Investment Group & Trading Company, LLC (together with its affiliates, “Lakeview”), a meaningful shareholder of Forward Air Corp. (NASDAQ: FWRD) (“Forward Air” or the “Company”), is announcing its plans to withhold support for three incumbents at the Company's 2025 annual meeting of shareholders: George Mayes, Jr. (chairman), Javier Polit (director) and Laurie Tucker (director). Lakeview agrees with the conclusions reached by other investors and the two le.
Neutral
Business Wire
1 week ago
Glass Lewis Joins ISS in Recommending Forward Air Shareholders Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today announced that a second independent proxy advisory firm, Glass, Lewis & Co. (“Glass Lewis”), has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that Forward Air shareholders vote AGAINST the reelection of three members of the Board of Directors (the “Board”.
Neutral
Business Wire
1 week ago
Forward Air Shareholders Recommended to Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting by ISS
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, recommends that Forward Air shareholders vote AGAINST the reelection of three members of the Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders: (1.) Chai.
Neutral
Business Wire
3 weeks ago
Ancora Releases Presentation Illustrating Why Shareholders Should Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today issued a presentation that details why shareholders should join Ancora in voting AGAINST three current members of the Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”): Chairman George S. Mayes, Jr., Director Javier Polit and Director La.
Neutral
Business Wire
1 month ago
Irenic Expresses Governance Concerns Pertaining to Forward Air Corporation
NEW YORK--(BUSINESS WIRE)--Irenic Capital Management, LP (collectively with its affiliates, “Irenic” or “we”) today issued the below statement regarding Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”). Irenic intends to vote against certain legacy members of Forward Air's Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (“Annual Meeting”). "Based on Irenic's independent analysis, we agree with Ancora Holdings Group's decision to withhold suppor.
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