Global Retirement Partners LLC Makes New Investment in ZTO Express (Cayman) Inc. $ZTO

Global Retirement Partners LLC bought a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 56,021 shares of the transportation company’s stock, valued at approximately $1,254,000.

A number of other hedge funds have also added to or reduced their stakes in ZTO. Morgan Stanley increased its stake in shares of ZTO Express (Cayman) by 1.3% in the 4th quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock valued at $114,045,000 after purchasing an additional 69,529 shares during the last quarter. Todd Asset Management LLC increased its position in ZTO Express (Cayman) by 10.4% in the 2nd quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after acquiring an additional 178,235 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in 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 purchasing an additional 181,600 shares during the period. State Street Corp increased its stake in shares of ZTO Express (Cayman) by 2.8% in the fourth quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after buying an additional 26,776 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 purchasing an additional 863,078 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Down 0.1%

Shares of NYSE ZTO opened at $22.87 on Tuesday. The stock has a market capitalization of $12.75 billion, a PE ratio of 14.03, a P/E/G ratio of 0.87 and a beta of -0.22. ZTO Express has a one year low of $17.74 and a one year high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The business’s fifty day moving average price is $23.23 and its 200-day moving average price is $23.82.

Wall Street Analysts Forecast Growth

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

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.