Pzena Investment Management LLC Lowers Stock Position in ZTO Express (Cayman) Inc. $ZTO

Pzena Investment Management LLC cut its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,322,331 shares of the transportation company’s stock after selling 138,600 shares during the quarter. Pzena Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $163,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its position in ZTO Express (Cayman) by 1.3% during the fourth quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock valued at $114,045,000 after acquiring an additional 69,529 shares during the period. Todd Asset Management LLC increased its stake in ZTO Express (Cayman) by 10.4% during the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after acquiring an additional 178,235 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of ZTO Express (Cayman) by 20.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after purchasing an additional 181,600 shares during the period. State Street Corp raised its holdings in shares of ZTO Express (Cayman) by 2.8% in the 4th quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock worth $20,512,000 after purchasing an additional 26,776 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of ZTO Express (Cayman) by 1,506.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after purchasing an additional 863,078 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $22.87 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. ZTO Express has a 1-year low of $17.74 and a 1-year high of $26.20. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.87 and a beta of -0.22. The business has a 50-day moving average of $23.23 and a 200-day moving average of $23.82.

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.