Royce & Associates Boosts Stake in Forward Air Corporation

Investment firm increases holdings in transportation logistics company by 169.5%

Published on Mar. 5, 2026

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Royce & Associates LP, an investment management firm, has increased its stake in Forward Air Corporation (NASDAQ:FWRD) by 169.5% in the third quarter, according to a recent SEC filing. The firm now owns 175,189 shares of the transportation company's stock, worth approximately $4.49 million.

Why it matters

The increase in Royce & Associates' stake in Forward Air suggests the investment firm sees growth potential in the transportation and logistics company. Forward Air provides expedited ground transportation and related services, which could benefit from continued economic recovery and increased shipping demand.

The details

According to the SEC filing, Royce & Associates added 110,175 shares of Forward Air to its portfolio during the third quarter, bringing its total holdings to 175,189 shares. This represents approximately 0.56% of the company's outstanding stock. The investment firm cited Forward Air's strong market position and growth prospects as reasons for increasing its stake in the company.

  • Royce & Associates increased its stake in Forward Air during the third quarter of 2026.

The players

Royce & Associates LP

An investment management firm that specializes in small-cap and mid-cap stocks.

Forward Air Corporation

A leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments.

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The takeaway

The increase in Royce & Associates' stake in Forward Air suggests the investment firm sees long-term growth potential in the transportation and logistics company, which could benefit from continued economic recovery and increased shipping demand.