Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors

2. Forward Air Corporation (NASDAQ:FWRD)

Ancora Advisors’ Stake Value: $123,622,000

Percentage of Ancora Advisors’ 13F Portfolio: 3.50%

Number of Hedge Fund Holders: 16

Greeneville, Tennessee-based Forward Air Corporation (NASDAQ:FWRD) is a leading provider of ground transportation and related logistics services to the North American air freight and expedited Less-Than-Truckload (LTL) market.

Forward Air Corporation (NASDAQ:FWRD) is ranked #2 on the list of Top 10 Stock Picks of Frederick DiSanto’s Ancora Advisors based on its portfolio weight of 3.50%, as of Q2 2022. The hedge fund holds 1,344,299 shares of Forward Air Corporation (NASDAQ:FWRD), 1% less than the number of shares held at the end of the previous quarter.

In September, Forward Air Corporation (NASDAQ:FWRD) released expedited freight operating statistics for quarter-to-date through August 2022. Its revenue per shipment increased 16.0%, weight per shipment decreased 3.2%, pounds per day increased 3.1% and shipments per day increased 6.5% over the same period last year.

As of Q2 2022, 16 of the 895 hedge funds tracked by Insider Monkey held Forward Air Corporation (NASDAQ:FWRD) shares valued at a combined total of $285 million. Chuck Royce’s Royce & Associates was its largest hedge fund shareholder after Ancora Advisors, with ownership of 0.9 million shares valued at $81 million.