Mutual of America Capital Management LLC increased its holdings in shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) by 28.2% during the fourth quarter, HoldingsChannel reports. The firm owned 128,301 shares of the transportation company’s stock after buying an additional 28,201 shares during the period. Mutual of America Capital Management LLC’s holdings in Echo Global Logistics were worth $3,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ECHO. Municipal Employees Retirement System of Michigan boosted its stake in shares of Echo Global Logistics by 59.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,280 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 3,830 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Echo Global Logistics during the third quarter valued at approximately $207,000. SG Americas Securities LLC boosted its stake in shares of Echo Global Logistics by 61.5% during the third quarter. SG Americas Securities LLC now owns 11,133 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 4,239 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Echo Global Logistics during the second quarter valued at approximately $232,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Echo Global Logistics by 67.4% during the third quarter. BNP Paribas Arbitrage SA now owns 13,555 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 5,456 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

In other news, COO David B. Menzel sold 30,000 shares of Echo Global Logistics stock in a transaction on Monday, November 20th. The shares were sold at an average price of $24.55, for a total transaction of $736,500.00. Following the completion of the sale, the chief operating officer now directly owns 180,322 shares in the company, valued at $4,426,905.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.10% of the company’s stock.

Shares of Echo Global Logistics, Inc. (ECHO) opened at $28.65 on Friday. The firm has a market cap of $816.30, a P/E ratio of 43.66, a price-to-earnings-growth ratio of 2.34 and a beta of 1.55. Echo Global Logistics, Inc. has a one year low of $13.00 and a one year high of $32.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.61.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.14. The company had revenue of $547.70 million during the quarter, compared to the consensus estimate of $484.47 million. Echo Global Logistics had a net margin of 0.65% and a return on equity of 5.26%. Echo Global Logistics’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. equities research analysts anticipate that Echo Global Logistics, Inc. will post 0.72 EPS for the current year.

ECHO has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on shares of Echo Global Logistics from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Cowen raised their target price on shares of Echo Global Logistics from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Stifel Nicolaus restated a “buy” rating and issued a $31.00 target price (up from $25.00) on shares of Echo Global Logistics in a research note on Friday, December 8th. Zacks Investment Research downgraded shares of Echo Global Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Barrington Research restated an “outperform” rating and issued a $26.00 target price (up from $18.00) on shares of Echo Global Logistics in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.90.

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Echo Global Logistics Company Profile

Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.

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Institutional Ownership by Quarter for Echo Global Logistics (NASDAQ:ECHO)

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