Todd Asset Management LLC Boosts Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Todd Asset Management increased its ZTO Express holdings by 10.4% in the second quarter, adding 178,235 shares for a total of 1.89 million shares valued at approximately $42.3 million.
• Institutional investors collectively own 41.65% of ZTO’s stock, with several firms recently increasing their positions and one adding a new stake.
• Analyst sentiment is mixed but remains moderately positive: ZTO has an average “Moderate Buy” rating and a consensus price target of $27.03, compared with its stated opening price of $22.89.

Todd Asset Management LLC grew its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,891,052 shares of the transportation company's stock after purchasing an additional 178,235 shares during the period. Todd Asset Management LLC owned approximately 0.34% of ZTO Express (Cayman) worth $42,322,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZTO. Ethic Inc. boosted its holdings in ZTO Express (Cayman) by 3.7% in the 4th quarter. Ethic Inc. now owns 15,943 shares of the transportation company's stock worth $333,000 after buying an additional 569 shares during the period. Smartleaf Asset Management LLC raised its holdings in ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock valued at $36,000 after acquiring an additional 769 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of ZTO Express (Cayman) by 7.8% during the third quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company's stock worth $281,000 after acquiring an additional 1,053 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth $25,000. Finally, Captrust Financial Advisors boosted its holdings in shares of ZTO Express (Cayman) by 3.8% in the second quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company's stock worth $576,000 after acquiring an additional 1,177 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZTO shares. Weiss Ratings cut ZTO Express (Cayman) from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, May 20th. Morgan Stanley restated an "overweight" rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Finally, Zacks Research lowered ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.03.

ZTO Express (Cayman) Stock Performance

NYSE ZTO opened at $22.89 on Friday. ZTO Express has a 1 year low of $17.74 and a 1 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 stock has a market capitalization of $12.76 billion, a PE ratio of 14.05, a P/E/G ratio of 0.87 and a beta of -0.22. The company's 50 day simple moving average is $23.21 and its two-hundred day simple moving average is $23.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source