Dimensional Fund Advisors LP raised its holdings in Echo Global Logistics, Inc. (NASDAQ:ECHO) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,984,863 shares of the transportation company’s stock after acquiring an additional 177,818 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Echo Global Logistics worth $37,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in Echo Global Logistics by 22.5% in the 2nd quarter. SG Americas Securities LLC now owns 6,894 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,266 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Echo Global Logistics by 63.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,099 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 3,139 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Echo Global Logistics by 59.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,280 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 3,830 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Echo Global Logistics in the 3rd quarter valued at $207,000. Finally, Goldman Sachs Group Inc. bought a new position in Echo Global Logistics in the 2nd quarter valued at $232,000. 94.92% of the stock is currently owned by institutional investors.

Echo Global Logistics, Inc. (NASDAQ:ECHO) opened at $29.05 on Friday. Echo Global Logistics, Inc. has a 12-month low of $13.00 and a 12-month high of $29.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $806.53, a price-to-earnings ratio of 70.49, a PEG ratio of 2.31 and a beta of 1.55.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Echo Global Logistics had a positive return on equity of 3.29% and a negative net margin of 0.20%. The business had revenue of $509.50 million for the quarter, compared to the consensus estimate of $473.44 million. During the same quarter in the prior year, the company earned $0.25 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. research analysts forecast that Echo Global Logistics, Inc. will post 0.49 earnings per share for the current fiscal year.

ECHO has been the topic of several research analyst reports. Zacks Investment Research raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price objective (up previously from $25.00) on shares of Echo Global Logistics in a research report on Friday, December 8th. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Echo Global Logistics in a research report on Monday, October 30th. UBS Group increased their price target on Echo Global Logistics from $13.00 to $19.00 and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, ValuEngine raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.90.

In related news, Director Samuel K. Skinner sold 120,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $23.51, for a total transaction of $2,821,200.00. Following the completion of the sale, the director now directly owns 24,346 shares in the company, valued at approximately $572,374.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David B. Menzel sold 30,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.55, for a total value of $736,500.00. Following the sale, the chief operating officer now owns 180,322 shares of the company’s stock, valued at $4,426,905.10. The disclosure for this sale can be found here. Insiders have sold a total of 253,660 shares of company stock worth $6,035,871 in the last three months. Corporate insiders own 8.10% of the company’s stock.

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Echo Global Logistics 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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