QRG Capital Management Inc. Invests $653,000 in ZTO Express (Cayman) Inc. $ZTO

QRG Capital Management Inc. purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the first quarter, Holdings Channel.com reports. The firm purchased 25,944 shares of the transportation company’s stock, valued at approximately $653,000.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its stake in ZTO Express (Cayman) by 20.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after purchasing an additional 181,600 shares during the period. Quadrant Capital Group LLC boosted its position in shares of ZTO Express (Cayman) by 245.4% in the third quarter. Quadrant Capital Group LLC now owns 109,272 shares of the transportation company’s stock worth $2,098,000 after buying an additional 77,640 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in shares of ZTO Express (Cayman) in the third quarter worth $25,672,000. KBC Group NV grew its holdings in shares of ZTO Express (Cayman) by 13.6% during the fourth quarter. KBC Group NV now owns 170,061 shares of the transportation company’s stock valued at $3,553,000 after buying an additional 20,306 shares in the last quarter. Finally, Dumac Inc. purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at $2,022,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.1%

Shares of ZTO Express (Cayman) stock opened at $23.47 on Friday. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.88 and a beta of -0.22. The stock has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $23.42. ZTO Express has a 52-week low of $17.74 and a 52-week high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.

Analyst Ratings Changes

Several research firms recently weighed in on ZTO. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. lifted their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Zacks Research upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.