Pzena Investment Management LLC Decreases Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Pzena Investment Management LLC lowered its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,460,931 shares of the transportation company’s stock after selling 119,523 shares during the period. Pzena Investment Management LLC owned approximately 1.32% of ZTO Express (Cayman) worth $187,792,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $25,000. Leonteq Securities AG purchased a new stake in ZTO Express (Cayman) in the fourth quarter worth approximately $30,000. Atlas Capital Advisors Inc. purchased a new stake in ZTO Express (Cayman) in the fourth quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its position in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the period. Finally, Assetmark Inc. grew its position in ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,244 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.9%

ZTO opened at $22.80 on Thursday. The firm’s 50 day simple moving average is $23.40 and its two-hundred day simple moving average is $23.34. The company has a market capitalization of $12.85 billion, a PE ratio of 13.98, a PEG ratio of 0.85 and a beta of -0.22. ZTO Express has a 1-year low of $17.39 and a 1-year high of $26.20. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

ZTO has been the topic of several research analyst reports. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. JPMorgan Chase & Co. upped their price objective on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Morgan Stanley reissued an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.