SG Americas Securities LLC Acquires 43,570 Shares of ZTO Express (Cayman) Inc. $ZTO

SG Americas Securities LLC increased its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,715 shares of the transportation company’s stock after buying an additional 43,570 shares during the quarter. SG Americas Securities LLC owned 0.06% of ZTO Express (Cayman) worth $7,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at $12,604,000. Marshall Wace LLP raised its holdings in ZTO Express (Cayman) by 29.3% in the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock worth $8,316,000 after purchasing an additional 106,180 shares during the period. Norges Bank purchased a new position in ZTO Express (Cayman) during the second quarter valued at $7,446,000. Woodline Partners LP bought a new stake in ZTO Express (Cayman) during the first quarter valued at about $6,765,000. Finally, TB Alternative Assets Ltd. grew its holdings in ZTO Express (Cayman) by 208.5% during the third quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock valued at $4,895,000 after purchasing an additional 172,300 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Up 0.0%

NYSE:ZTO opened at $21.73 on Friday. The stock has a 50-day moving average price of $20.47 and a 200 day moving average price of $19.52. The stock has a market capitalization of $12.81 billion, a P/E ratio of 14.39, a P/E/G ratio of 4.10 and a beta of -0.21. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.26.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.During the same period in the prior year, the company earned $2.90 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ZTO shares. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

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.