Echo Global Logistics, Inc. (NASDAQ:ECHO) CEO Douglas R. Waggoner sold 29,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $30.03, for a total value of $894,894.00. Following the sale, the chief executive officer now owns 336,332 shares of the company’s stock, valued at approximately $10,100,049.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Echo Global Logistics traded down $0.35, hitting $30.45, during trading hours on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 214,700 shares, compared to its average volume of 382,807. The stock has a market capitalization of $842.61 million, a price-to-earnings ratio of 46.14, a PEG ratio of 1.47 and a beta of 1.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.48. Echo Global Logistics, Inc. has a 52-week low of $13.00 and a 52-week high of $32.95.
Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.10. The firm had revenue of $577.10 million during the quarter, compared to analysts’ expectations of $538.90 million. Echo Global Logistics had a return on equity of 7.50% and a net margin of 0.96%. Echo Global Logistics’s revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. analysts predict that Echo Global Logistics, Inc. will post 1.15 EPS for the current year.
A number of institutional investors have recently bought and sold shares of ECHO. Bank of Montreal Can grew its holdings in Echo Global Logistics by 1,027.6% in the fourth quarter. Bank of Montreal Can now owns 51,351 shares of the transportation company’s stock valued at $1,438,000 after purchasing an additional 46,797 shares during the last quarter. Aperio Group LLC grew its holdings in Echo Global Logistics by 57.4% in the fourth quarter. Aperio Group LLC now owns 24,520 shares of the transportation company’s stock valued at $687,000 after purchasing an additional 8,937 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Echo Global Logistics in the fourth quarter valued at $245,000. Arizona State Retirement System grew its holdings in Echo Global Logistics by 215.7% in the fourth quarter. Arizona State Retirement System now owns 44,088 shares of the transportation company’s stock valued at $1,234,000 after purchasing an additional 30,124 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Echo Global Logistics by 15.2% in the fourth quarter. Rhumbline Advisers now owns 63,305 shares of the transportation company’s stock valued at $1,773,000 after purchasing an additional 8,345 shares during the last quarter. 96.73% of the stock is currently owned by institutional investors.
Echo Global Logistics Company Profile
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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