Global Retirement Partners LLC Makes New Investment in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Global Retirement Partners initiated a roughly $1.25 million position in ZTO Express, purchasing 56,021 shares during the second quarter. Institutional investors collectively own 41.65% of the company.
• ZTO shares opened at $22.87, near the middle of their $17.74–$26.20 one-year range, with a market capitalization of approximately $12.75 billion and a P/E ratio of 14.03.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $27.03, although Zacks Research and Weiss Ratings recently downgraded the stock to “Hold.” Morgan Stanley maintained an “Overweight” rating with a $30.10 target.

Global Retirement Partners LLC bought a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 56,021 shares of the transportation company's stock, valued at approximately $1,254,000.

A number of other hedge funds have also added to or reduced their stakes in ZTO. Morgan Stanley increased its stake in shares of ZTO Express (Cayman) by 1.3% in the 4th quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company's stock valued at $114,045,000 after purchasing an additional 69,529 shares during the last quarter. Todd Asset Management LLC increased its position in ZTO Express (Cayman) by 10.4% in the 2nd 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. Teachers Retirement System of The State of Kentucky increased its holdings in ZTO Express (Cayman) by 20.3% in the fourth 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. State Street Corp increased its stake in shares of ZTO Express (Cayman) by 2.8% in the fourth quarter. State Street Corp now owns 981,894 shares of the transportation company's stock valued at $20,512,000 after buying an additional 26,776 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in ZTO Express (Cayman) by 1,506.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company's stock worth $23,165,000 after purchasing an additional 863,078 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Down 0.1%

Shares of NYSE ZTO opened at $22.87 on Tuesday. The stock has a market capitalization of $12.75 billion, a PE ratio of 14.03, a P/E/G ratio of 0.87 and a beta of -0.22. ZTO Express has a one year low of $17.74 and a one year 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. The business's fifty day moving average price is $23.23 and its 200-day moving average price is $23.82.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research lowered ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 20th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and an average price target 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.

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