ZTO Express (Cayman) Inc (ZTO) Position Increased by Northern Trust Corp

Northern Trust Corp boosted its stake in ZTO Express (Cayman) Inc (NYSE:ZTO) by 10.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 305,707 shares of the transportation company’s stock after buying an additional 27,725 shares during the period. Northern Trust Corp’s holdings in ZTO Express (Cayman) were worth $6,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in ZTO Express (Cayman) in the second quarter valued at $205,000. Elite Wealth Management Inc. acquired a new stake in ZTO Express (Cayman) in the second quarter valued at $236,000. Crossmark Global Holdings Inc. acquired a new stake in ZTO Express (Cayman) in the second quarter valued at $248,000. Hikari Power Ltd acquired a new stake in ZTO Express (Cayman) in the second quarter valued at $327,000. Finally, Cubist Systematic Strategies LLC raised its holdings in ZTO Express (Cayman) by 17.8% in the second quarter. Cubist Systematic Strategies LLC now owns 20,491 shares of the transportation company’s stock valued at $410,000 after acquiring an additional 3,090 shares in the last quarter. 31.22% of the stock is currently owned by hedge funds and other institutional investors.

ZTO stock opened at $16.97 on Friday. ZTO Express has a 1-year low of $14.51 and a 1-year high of $22.67. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 24.59 and a beta of 0.28.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Wednesday, November 14th. The transportation company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. ZTO Express (Cayman) had a net margin of 26.44% and a return on equity of 16.01%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities research analysts forecast that ZTO Express will post 0.75 EPS for the current year.

Several analysts recently issued reports on the stock. TheStreet raised shares of ZTO Express (Cayman) from a “c” rating to a “b-” rating in a report on Thursday, November 1st. ValuEngine cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. cut their price target on shares of ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Finally, Zacks Investment Research raised shares of ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.50.

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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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