ZTO Express (Cayman) Inc. $ZTO Shares Sold by Pzena Investment Management LLC

Key Points

• Pzena Investment Management reduced its ZTO Express stake by 1.9% in the second quarter, selling 138,600 shares but retaining 7.32 million shares worth approximately $163.9 million. Institutional investors collectively own 41.65% of the company.
• Analyst sentiment remains positive but moderated: Zacks Research and Weiss Ratings downgraded the stock to “hold,” while Morgan Stanley maintained an “overweight” rating with a $30.10 target. The consensus rating is “Moderate Buy,” with an average price target of $27.03.
• ZTO shares opened at $22.87, near the lower end of their 12-month range of $17.74 to $26.20. The company has a market capitalization of about $12.75 billion and a price-to-earnings ratio of 14.03.

Pzena Investment Management LLC trimmed its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,322,331 shares of the transportation company's stock after selling 138,600 shares during the period. Pzena Investment Management LLC owned 1.30% of ZTO Express (Cayman) worth $163,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new position in ZTO Express (Cayman) during the fourth quarter worth $30,000. Atlas Capital Advisors Inc. acquired a new position in shares of ZTO Express (Cayman) in the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% in the second 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 in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of ZTO Express (Cayman) by 1,713.0% during the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company's stock valued at $50,000 after acquiring an additional 2,244 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of ZTO Express (Cayman) from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 20th. Zacks Research lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $30.10 target price 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 issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.03.

ZTO Express (Cayman) Stock Down 0.1%

ZTO opened at $22.87 on Tuesday. 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 $12.75 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.87 and a beta of -0.22. The business has a 50-day moving average of $23.23 and a two-hundred day moving average of $23.82. ZTO Express has a 12 month low of $17.74 and a 12 month high of $26.20.

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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