Arizona State Retirement System held its position in Echo Global Logistics, Inc. (NASDAQ:ECHO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,264 shares of the transportation company’s stock at the end of the 2nd quarter. Arizona State Retirement System owned approximately 0.05% of Echo Global Logistics worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of Echo Global Logistics by 33.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,813 shares of the transportation company’s stock valued at $4,335,000 after buying an additional 54,658 shares in the last quarter. Sei Investments Co. increased its position in shares of Echo Global Logistics by 605.1% in the second quarter. Sei Investments Co. now owns 31,179 shares of the transportation company’s stock valued at $621,000 after buying an additional 26,757 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Echo Global Logistics by 1.1% in the second quarter. Texas Permanent School Fund now owns 20,003 shares of the transportation company’s stock valued at $398,000 after buying an additional 214 shares in the last quarter. Nicolet Bankshares Inc. increased its position in shares of Echo Global Logistics by 1.4% in the second quarter. Nicolet Bankshares Inc. now owns 11,005 shares of the transportation company’s stock valued at $219,000 after buying an additional 150 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of Echo Global Logistics by 1,890.0% in the second quarter. Harbour Capital Advisors LLC now owns 23,880 shares of the transportation company’s stock valued at $1,200,000 after buying an additional 22,680 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

Shares of Echo Global Logistics, Inc. (NASDAQ ECHO) opened at 15.90 on Tuesday. The stock’s market capitalization is $453.69 million. The company’s 50 day moving average price is $14.74 and its 200 day moving average price is $18.59. Echo Global Logistics, Inc. has a 12 month low of $13.00 and a 12 month high of $28.90.

Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $470.25 million. Echo Global Logistics had a positive return on equity of 3.22% and a negative net margin of 0.21%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts anticipate that Echo Global Logistics, Inc. will post $0.59 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the company. Macquarie restated an “outperform” rating and issued a $29.00 price objective on shares of Echo Global Logistics in a research report on Monday, July 10th. Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating on shares of Echo Global Logistics in a research report on Wednesday, July 19th. BidaskClub cut Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, UBS AG cut Echo Global Logistics from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $22.00 to $13.00 in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.57.

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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