Waratah Capital Advisors Ltd. lifted its position in ZTO Express (NYSE:ZTO) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,105 shares of the transportation company’s stock after buying an additional 20,238 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in ZTO Express were worth $976,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of ZTO Express by 281.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,500 shares of the transportation company’s stock worth $103,000 after buying an additional 4,795 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of ZTO Express in the fourth quarter worth about $238,000. Bank of New York Mellon Corp purchased a new stake in shares of ZTO Express in the third quarter worth about $223,000. HBK Investments L P purchased a new stake in shares of ZTO Express in the fourth quarter worth about $331,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of ZTO Express by 99.9% in the first quarter. Wells Fargo & Company MN now owns 23,516 shares of the transportation company’s stock worth $353,000 after buying an additional 11,752 shares in the last quarter. 28.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ZTO opened at $17.19 on Tuesday. ZTO Express has a one year low of $17.13 and a one year high of $17.57. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 24.57 and a beta of 0.07.
ZTO Express (NYSE:ZTO) last issued its quarterly earnings results on Thursday, March 8th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $1.43. ZTO Express had a net margin of 22.89% and a return on equity of 15.76%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 35.8% on a year-over-year basis. equities research analysts predict that ZTO Express will post 0.89 EPS for the current fiscal year.
Several research firms recently weighed in on ZTO. CLSA upgraded shares of ZTO Express from a “sell” rating to an “underperform” rating in a research report on Thursday, May 10th. Zacks Investment Research cut shares of ZTO Express from a “strong-buy” rating to a “sell” rating in a research report on Saturday, April 14th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.33.
About ZTO Express
ZTO Express (Cayman) Inc, through its subsidiaries, provides express delivery and other value-added logistics services in China. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks.
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