Todd Asset Management LLC Grows Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Todd Asset Management LLC lifted its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 10.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,891,052 shares of the transportation company’s stock after purchasing an additional 178,235 shares during the quarter. Todd Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $42,322,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of ZTO Express (Cayman) by 22.9% in the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after purchasing an additional 32,663 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in ZTO Express (Cayman) in the 1st quarter worth $421,000. Arrowstreet Capital Limited Partnership bought a new stake in ZTO Express (Cayman) in the second quarter worth $190,000. EverSource Wealth Advisors LLC lifted its stake in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in ZTO Express (Cayman) by 29.3% during the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock valued at $8,316,000 after buying an additional 106,180 shares during the period. Institutional investors own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $22.89 on Friday. The firm has a market cap of $12.76 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.87 and a beta of -0.22. ZTO Express has a fifty-two week low of $17.74 and a fifty-two week high of $26.20. The business’s 50 day moving average price is $23.21 and its 200-day moving average price is $23.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64.

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.