ZTO Express (Cayman) Inc (NYSE:ZTO) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. cut its position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,400 shares of the transportation company’s stock after selling 3,100 shares during the quarter. APG Asset Management N.V.’s holdings in ZTO Express (Cayman) were worth $2,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ZTO. Thrivent Financial for Lutherans acquired a new stake in ZTO Express (Cayman) during the first quarter worth about $498,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of ZTO Express (Cayman) by 101.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 166,505 shares of the transportation company’s stock valued at $4,409,000 after purchasing an additional 83,857 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ZTO Express (Cayman) by 15.5% during the 1st quarter. Geode Capital Management LLC now owns 1,436,428 shares of the transportation company’s stock worth $37,898,000 after purchasing an additional 192,980 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of ZTO Express (Cayman) by 1,177.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,066,676 shares of the transportation company’s stock worth $28,201,000 after purchasing an additional 983,187 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in ZTO Express (Cayman) during the 1st quarter valued at approximately $792,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

A number of research firms have issued reports on ZTO. Daiwa Capital Markets cut ZTO Express (Cayman) to a “hold” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research report on Friday, May 22nd. HSBC raised shares of ZTO Express (Cayman) from a “reduce” rating to a “hold” rating and set a $30.00 target price for the company in a research note on Friday, May 22nd. Finally, Bank of America lowered shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $28.33.

Shares of NYSE ZTO opened at $37.10 on Wednesday. The stock has a market cap of $21.50 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.33 and a beta of 0.36. The firm’s 50-day simple moving average is $34.24 and its 200 day simple moving average is $27.33. ZTO Express has a fifty-two week low of $17.16 and a fifty-two week high of $38.67. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Wednesday, May 20th. The transportation company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.15 billion. ZTO Express (Cayman) had a net margin of 25.07% and a return on equity of 13.56%. ZTO Express (Cayman)’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. On average, sell-side analysts anticipate that ZTO Express will post 1.02 earnings per share for the current fiscal year.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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