ZTO Express (Cayman) Inc (NYSE:ZTO) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,791 shares of the transportation company’s stock after purchasing an additional 34,682 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in ZTO Express (Cayman) were worth $44,925,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. American International Group Inc. grew its stake in shares of ZTO Express (Cayman) by 8.5% during the first quarter. American International Group Inc. now owns 4,557 shares of the transportation company’s stock worth $121,000 after purchasing an additional 357 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of ZTO Express (Cayman) by 24.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,966 shares of the transportation company’s stock worth $52,000 after purchasing an additional 384 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of ZTO Express (Cayman) by 4.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 12,546 shares of the transportation company’s stock worth $332,000 after purchasing an additional 534 shares in the last quarter. Signaturefd LLC grew its stake in shares of ZTO Express (Cayman) by 92.9% during the first quarter. Signaturefd LLC now owns 1,385 shares of the transportation company’s stock worth $37,000 after purchasing an additional 667 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of ZTO Express (Cayman) during the first quarter worth $26,000. Hedge funds and other institutional investors own 41.59% of the company’s stock.

Shares of NYSE:ZTO opened at $37.05 on Friday. The company has a 50-day simple moving average of $36.57 and a 200-day simple moving average of $29.44. ZTO Express has a one year low of $17.16 and a one year high of $38.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.38 and a beta of 0.37.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Wednesday, May 20th. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.55. ZTO Express (Cayman) had a net margin of 25.07% and a return on equity of 13.56%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s revenue was down 14.4% compared to the same quarter last year. As a group, research analysts forecast that ZTO Express will post 0.99 EPS for the current fiscal year.

ZTO has been the subject of a number of research reports. ValuEngine cut shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a research report on Thursday. Daiwa Capital Markets cut shares of ZTO Express (Cayman) to a “hold” rating in a research report on Friday, May 22nd. BOCOM International raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and set a $32.00 price target for the company. in a research report on Friday, May 22nd. Finally, Bank of America cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. ZTO Express (Cayman) presently has an average rating of “Hold” and a consensus target price of $28.33.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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