35,240 ZTO Express (Cayman) Inc. $ZTO Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 114.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 66,021 shares of the transportation company’s stock after acquiring an additional 35,240 shares during the period. Quadrant Capital Group LLC’s holdings in ZTO Express (Cayman) were worth $1,365,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Todd Asset Management LLC increased its stake in ZTO Express (Cayman) by 10.4% in the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after acquiring an additional 178,235 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after acquiring an additional 863,078 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after acquiring an additional 495,100 shares in the last quarter. Icon Advisers Inc. Co. grew its position in ZTO Express (Cayman) by 20.0% during the 1st quarter. Icon Advisers Inc. Co. now owns 240,000 shares of the transportation company’s stock worth $6,041,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Sei Investments Co. grew its position in ZTO Express (Cayman) by 575.6% during the 1st quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock worth $5,321,000 after acquiring an additional 180,110 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

ZTO opened at $19.88 on Friday. The company has a fifty day moving average price of $20.52 and a two-hundred day moving average price of $22.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. ZTO Express has a 52 week low of $18.18 and a 52 week high of $26.20. The firm has a market capitalization of $11.08 billion, a PE ratio of 10.69, a P/E/G ratio of 0.97 and a beta of -0.19.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, analysts anticipate that ZTO Express will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZTO has been the topic of several research analyst reports. Weiss Ratings cut ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. The Goldman Sachs Group downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Wednesday, October 14th. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $29.00 to $22.00 in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average price target of $24.70.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.