Quadrant Capital Group LLC Sells 809 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Quadrant Capital Group LLC lessened its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,701 shares of the transportation company’s stock after selling 809 shares during the period. Quadrant Capital Group LLC’s holdings in ZTO Express (Cayman) were worth $168,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of ZTO Express (Cayman) by 63.9% during the 1st quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company’s stock valued at $139,980,000 after purchasing an additional 2,182,319 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of ZTO Express (Cayman) by 10.0% in the first quarter. BlackRock Inc. now owns 19,764,920 shares of the transportation company’s stock valued at $566,463,000 after buying an additional 1,796,713 shares during the period. Candriam S.C.A. bought a new stake in shares of ZTO Express (Cayman) during the first quarter worth $42,926,000. Goldman Sachs Group Inc. increased its position in shares of ZTO Express (Cayman) by 50.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,783,400 shares of the transportation company’s stock worth $119,586,000 after acquiring an additional 1,612,528 shares in the last quarter. Finally, Perseverance Asset Management International boosted its stake in ZTO Express (Cayman) by 140.7% in the 1st quarter. Perseverance Asset Management International now owns 2,236,320 shares of the transportation company’s stock worth $64,093,000 after purchasing an additional 1,307,300 shares during the period. 41.68% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $22.07 on Tuesday. The stock has a market cap of $13.44 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.95 and a beta of 0.06. The company has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $25.54. ZTO Express has a one year low of $20.67 and a one year high of $30.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.31.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, August 29th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.41 billion. ZTO Express (Cayman) had a net margin of 23.07% and a return on equity of 15.63%. As a group, equities analysts predict that ZTO Express will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZTO shares. StockNews.com cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Sanford C. Bernstein lowered their price objective on shares of ZTO Express (Cayman) from $36.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Citigroup reduced their target price on shares of ZTO Express (Cayman) from $36.50 to $30.00 in a report on Wednesday, August 30th. Bank of America lowered shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price target for the company from $34.00 to $28.00 in a research note on Tuesday, November 7th. Finally, TheStreet downgraded shares of ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.