NumerixS Investment Technologies Inc raised its position in Echo Global Logistics, Inc. (NASDAQ:ECHO) by 78.8% during the first quarter, HoldingsChannel.com reports. The firm owned 8,440 shares of the transportation company’s stock after purchasing an additional 3,720 shares during the period. NumerixS Investment Technologies Inc’s holdings in Echo Global Logistics were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Echo Global Logistics by 4.5% during the fourth quarter. BlackRock Inc. now owns 4,466,859 shares of the transportation company’s stock worth $90,812,000 after acquiring an additional 192,214 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Echo Global Logistics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,387,516 shares of the transportation company’s stock worth $59,162,000 after acquiring an additional 9,747 shares during the period. Standard Life Aberdeen plc increased its position in shares of Echo Global Logistics by 34.3% during the fourth quarter. Standard Life Aberdeen plc now owns 1,862,435 shares of the transportation company’s stock worth $37,323,000 after acquiring an additional 475,837 shares during the period. Rice Hall James & Associates LLC increased its holdings in Echo Global Logistics by 11.2% during the first quarter. Rice Hall James & Associates LLC now owns 1,097,357 shares of the transportation company’s stock valued at $27,193,000 after buying an additional 110,365 shares during the period. Finally, AMI Asset Management Corp increased its holdings in Echo Global Logistics by 1.0% during the first quarter. AMI Asset Management Corp now owns 375,763 shares of the transportation company’s stock valued at $9,311,000 after buying an additional 3,542 shares during the period. 98.46% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on ECHO. TheStreet raised shares of Echo Global Logistics from a “c+” rating to a “b” rating in a report on Thursday, April 4th. BidaskClub raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of Echo Global Logistics in a report on Monday, April 8th. Susquehanna Bancshares lowered shares of Echo Global Logistics from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, Zacks Investment Research raised shares of Echo Global Logistics from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, February 14th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.71.

ECHO stock traded up $0.07 during trading on Wednesday, hitting $20.48. 725 shares of the company’s stock traded hands, compared to its average volume of 237,294. The firm has a market cap of $564.36 million, a price-to-earnings ratio of 12.49, a PEG ratio of 0.75 and a beta of 2.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. Echo Global Logistics, Inc. has a 1 year low of $18.83 and a 1 year high of $36.75.

Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $538.10 million for the quarter, compared to analyst estimates of $549.32 million. Echo Global Logistics had a net margin of 1.15% and a return on equity of 11.64%. Echo Global Logistics’s revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. Analysts anticipate that Echo Global Logistics, Inc. will post 1.51 EPS for the current fiscal year.

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Echo Global Logistics Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

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

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