Quadrant Capital Group LLC Buys 35,240 Shares of ZTO Express (Cayman) Inc. $ZTO

Quadrant Capital Group LLC boosted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report) by 114.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,021 shares of the transportation company’s stock after purchasing an additional 35,240 shares during the quarter. Quadrant Capital Group LLC’s holdings in ZTO Express (Cayman) were worth $1,365,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at approximately $42,000. Northwestern Mutual Wealth Management Co. grew its stake in ZTO Express (Cayman) by 2,225.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,604 shares of the transportation company’s stock valued at $81,000 after buying an additional 3,449 shares during the last quarter. Parallel Advisors LLC grew its stake in ZTO Express (Cayman) by 58.4% in the 1st quarter. Parallel Advisors LLC now owns 5,276 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,946 shares during the last quarter. Bayforest Capital Ltd bought a new position in ZTO Express (Cayman) in the 2nd quarter worth $129,000. Finally, Cetera Investment Advisers bought a new position in ZTO Express (Cayman) in the 1st quarter worth $212,000. Institutional investors own 41.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ZTO. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. The Goldman Sachs Group downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $22.00 in a research report on Wednesday, October 14th. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.70.

Get Our Latest Analysis on ZTO

ZTO Express (Cayman) Stock Down 0.9%

Shares of ZTO opened at $19.88 on Friday. The company has a 50-day simple moving average of $20.52 and a 200-day simple moving average of $22.59. The firm has a market capitalization of $11.08 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.97 and a beta of -0.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. ZTO Express has a 52 week low of $18.18 and a 52 week high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last released its earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.15 billion. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The business’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that ZTO Express will post 1.91 earnings per share for the current year.

About ZTO Express (Cayman)

(Free Report)

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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