ZTO Express (Cayman) Inc. $ZTO Stock Holdings Trimmed by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 23.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,571,479 shares of the transportation company’s stock after selling 1,750,852 shares during the period. Pzena Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $108,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in shares of ZTO Express (Cayman) by 1,506.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after acquiring an additional 863,078 shares during the last quarter. Renaissance Technologies LLC raised its position in ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after purchasing an additional 495,100 shares during the last quarter. Sei Investments Co. raised its position in ZTO Express (Cayman) by 575.6% in the 1st quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock valued at $5,321,000 after purchasing an additional 180,110 shares during the last quarter. Todd Asset Management LLC boosted its stake in ZTO Express (Cayman) by 10.4% during the 2nd quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after purchasing an additional 178,235 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in ZTO Express (Cayman) by 150.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 205,776 shares of the transportation company’s stock worth $4,605,000 after purchasing an additional 123,675 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Up 1.8%

Shares of ZTO stock opened at $20.61 on Thursday. The business’s 50 day moving average is $20.26 and its two-hundred day moving average is $22.81. ZTO Express has a twelve month low of $18.31 and a twelve month high of $26.20. The company has a market capitalization of $11.49 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.98 and a beta of -0.18. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.15 billion. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts forecast that ZTO Express will post 1.91 EPS for the current year.

Analyst Ratings Changes

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