Mitsubishi UFJ Trust & Banking Corp Increases Stake in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its ZTO Express stake by 150.6% in the second quarter, adding 123,675 shares to own 205,776 shares valued at approximately $4.6 million.
• Several other institutional investors also expanded or initiated positions, with hedge funds and institutions collectively owning 41.65% of ZTO’s stock.
• ZTO shares opened at $22.89, while analysts maintain a “Moderate Buy” consensus and an average price target of $27.03; Morgan Stanley’s target is $30.10.

Mitsubishi UFJ Trust & Banking Corp grew its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 150.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,776 shares of the transportation company's stock after acquiring an additional 123,675 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in ZTO Express (Cayman) were worth $4,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ZTO. Royal Bank of Canada grew its position in shares of ZTO Express (Cayman) by 22.9% during the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company's stock valued at $3,475,000 after acquiring an additional 32,663 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of ZTO Express (Cayman) in the 1st quarter worth $421,000. Arrowstreet Capital Limited Partnership bought a new position in ZTO Express (Cayman) in the 2nd quarter worth $190,000. EverSource Wealth Advisors LLC raised its holdings in ZTO Express (Cayman) by 156.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company's stock worth $62,000 after purchasing an additional 2,127 shares during the period. Finally, Marshall Wace LLP raised its holdings in ZTO Express (Cayman) by 29.3% in the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company's stock worth $8,316,000 after purchasing an additional 106,180 shares during the period. Hedge funds and other institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Performance

ZTO opened at $22.89 on Friday. The company has a 50 day simple moving average of $23.21 and a two-hundred day simple moving average of $23.80. 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 firm has a market cap of $12.76 billion, a P/E ratio of 14.05, a PEG ratio of 0.87 and a beta of -0.22. ZTO Express has a 1-year low of $17.74 and a 1-year high of $26.20.

Analysts Set New Price Targets

Several research firms have issued reports on ZTO. Weiss Ratings lowered ZTO Express (Cayman) from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 20th. Zacks Research downgraded ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.03.

ZTO Express (Cayman) 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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