Mitsubishi UFJ Trust & Banking Corp Acquires 123,675 Shares of ZTO Express (Cayman) Inc. $ZTO

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 150.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,776 shares of the transportation company’s stock after purchasing an additional 123,675 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in ZTO Express (Cayman) were worth $4,605,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky boosted its stake in ZTO Express (Cayman) by 20.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after purchasing an additional 181,600 shares during the period. Arrowstreet Capital Limited Partnership raised its position 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 buying an additional 863,078 shares during the last quarter. Todd Asset Management LLC raised its position in shares of ZTO Express (Cayman) by 10.4% during the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after buying an additional 178,235 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after buying an additional 495,100 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of ZTO Express (Cayman) in the first quarter worth $653,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

NYSE ZTO opened at $22.89 on Friday. 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 business 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. ZTO Express has a 1-year low of $17.74 and a 1-year high of $26.20.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, 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. 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, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average price target of $27.03.

About ZTO Express (Cayman)

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.