Quantinno Capital Management LP increased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,217 shares of the transportation company's stock after buying an additional 43,585 shares during the period. Quantinno Capital Management LP's holdings in ZTO Express (Cayman) were worth $4,637,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ZTO. Renaissance Technologies LLC increased 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 acquiring an additional 495,100 shares in the last quarter. Compound Planning Inc. bought a new stake in shares of ZTO Express (Cayman) during the first quarter valued at approximately $360,000. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $23,165,000 after purchasing an additional 863,078 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ZTO Express (Cayman) by 575.6% in the first 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 in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at approximately $212,000. Institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Stock Performance
Shares of ZTO stock opened at $24.04 on Friday. 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 stock has a market cap of $13.56 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.90 and a beta of -0.22. The stock has a 50-day moving average of $23.11 and a 200-day moving average of $23.77. ZTO Express has a one year low of $17.74 and a one year high of $26.20.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on ZTO shares. Morgan Stanley reaffirmed an "overweight" rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, April 13th. Weiss Ratings lowered ZTO Express (Cayman) from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Finally, Zacks Research upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $27.03.
Read Our Latest Report on ZTO
About ZTO Express (Cayman)
(
Free Report)
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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