Renaissance Technologies LLC Acquires 495,100 Shares of ZTO Express (Cayman) Inc. $ZTO

Renaissance Technologies LLC raised its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 400.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 618,800 shares of the transportation company’s stock after purchasing an additional 495,100 shares during the quarter. Renaissance Technologies LLC’s holdings in ZTO Express (Cayman) were worth $15,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its stake in shares of ZTO Express (Cayman) by 20.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after buying an additional 181,600 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ZTO Express (Cayman) by 1,506.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after buying an additional 863,078 shares in the last quarter. QRG Capital Management Inc. bought a new stake in ZTO Express (Cayman) during the 1st quarter worth about $653,000. KBC Group NV grew its holdings in ZTO Express (Cayman) by 13.6% during the 4th quarter. KBC Group NV now owns 170,061 shares of the transportation company’s stock worth $3,553,000 after acquiring an additional 20,306 shares during the last quarter. Finally, Dumac Inc. acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at about $2,022,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. 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. JPMorgan Chase & Co. boosted their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, Zacks Research raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Up 0.8%

ZTO opened at $24.04 on Friday. The firm’s fifty day moving average is $23.00 and its two-hundred day moving average is $23.71. The firm has a market cap of $13.55 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of -0.22. ZTO Express has a twelve month low of $17.74 and a twelve month high of $26.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64.

ZTO Express (Cayman) Company 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.