Echo Global Logistics, Inc. (ECHO) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,399 shares of the transportation company’s stock after acquiring an additional 49,000 shares during the quarter. Mutual of America Capital Management LLC owned 0.62% of Echo Global Logistics worth $5,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ECHO. MetLife Investment Advisors LLC lifted its stake in shares of Echo Global Logistics by 20.9% during the 2nd quarter. MetLife Investment Advisors LLC now owns 13,053 shares of the transportation company’s stock worth $382,000 after purchasing an additional 2,256 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Echo Global Logistics by 12.0% during the 3rd quarter. Brown Advisory Inc. now owns 21,276 shares of the transportation company’s stock worth $658,000 after purchasing an additional 2,281 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in shares of Echo Global Logistics by 5.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 46,078 shares of the transportation company’s stock worth $1,348,000 after purchasing an additional 2,335 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Echo Global Logistics by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 65,984 shares of the transportation company’s stock worth $1,930,000 after purchasing an additional 2,376 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in shares of Echo Global Logistics by 27.3% during the 2nd quarter. First Republic Investment Management Inc. now owns 11,176 shares of the transportation company’s stock worth $327,000 after purchasing an additional 2,394 shares during the last quarter.

ECHO has been the subject of a number of analyst reports. BidaskClub cut Echo Global Logistics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine cut Echo Global Logistics from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Loop Capital upgraded Echo Global Logistics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $31.00 in a research note on Monday, October 29th. Morgan Stanley set a $22.00 price objective on Echo Global Logistics and gave the stock a “sell” rating in a research note on Monday, October 22nd. Finally, TheStreet upgraded Echo Global Logistics from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Echo Global Logistics presently has a consensus rating of “Hold” and a consensus price target of $33.10.

Shares of NASDAQ:ECHO opened at $22.56 on Friday. Echo Global Logistics, Inc. has a 1 year low of $22.10 and a 1 year high of $36.75. The stock has a market cap of $659.73 million, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.85 and a beta of 1.80. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.55.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. Echo Global Logistics had a return on equity of 11.25% and a net margin of 1.46%. The company had revenue of $644.82 million for the quarter, compared to analyst estimates of $632.54 million. Research analysts expect that Echo Global Logistics, Inc. will post 1.56 EPS for the current fiscal year.

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About Echo Global Logistics

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

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

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