Systematic Financial Management LP Has $1.30 Million Position in Echo Global Logistics, Inc. (ECHO)

Systematic Financial Management LP reduced its holdings in Echo Global Logistics, Inc. (NASDAQ:ECHO) by 73.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,540 shares of the transportation company’s stock after selling 146,040 shares during the quarter. Systematic Financial Management LP’s holdings in Echo Global Logistics were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ECHO. Standard Life Aberdeen plc increased its stake in Echo Global Logistics by 34.3% in the fourth quarter. Standard Life Aberdeen plc now owns 1,862,435 shares of the transportation company’s stock valued at $37,323,000 after purchasing an additional 475,837 shares during the last quarter. Federated Investors Inc. PA increased its stake in Echo Global Logistics by 8,317.6% in the third quarter. Federated Investors Inc. PA now owns 351,098 shares of the transportation company’s stock valued at $10,866,000 after purchasing an additional 346,927 shares during the last quarter. Vanguard Group Inc increased its stake in Echo Global Logistics by 18.7% in the third quarter. Vanguard Group Inc now owns 2,037,639 shares of the transportation company’s stock valued at $63,065,000 after purchasing an additional 320,525 shares during the last quarter. Vanguard Group Inc. increased its stake in Echo Global Logistics by 18.7% in the third quarter. Vanguard Group Inc. now owns 2,037,639 shares of the transportation company’s stock valued at $63,065,000 after purchasing an additional 320,525 shares during the last quarter. Finally, BlackRock Inc. increased its stake in 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 last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Shares of NASDAQ:ECHO opened at $21.61 on Friday. The stock has a market cap of $613.18 million, a price-to-earnings ratio of 13.34, a PEG ratio of 0.83 and a beta of 1.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Echo Global Logistics, Inc. has a 12 month low of $18.83 and a 12 month high of $36.75.

Echo Global Logistics (NASDAQ:ECHO) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Echo Global Logistics had a return on equity of 11.64% and a net margin of 1.15%. The company had revenue of $538.10 million during the quarter, compared to the consensus estimate of $549.32 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. Research analysts predict that Echo Global Logistics, Inc. will post 1.51 EPS for the current fiscal year.

Several equities research analysts have commented on ECHO shares. Zacks Investment Research lowered Echo Global Logistics from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. BidaskClub upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. TheStreet upgraded Echo Global Logistics from a “c+” rating to a “b” rating in a research note on Thursday, April 4th. Morgan Stanley lowered Echo Global Logistics from an “equal weight” rating to an “underweight” rating and set a $23.40 price target for the company. in a research note on Wednesday, March 6th. Finally, Cowen restated a “buy” rating and set a $33.00 price target on shares of Echo Global Logistics in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.71.

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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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