Raymond James & Associates lifted its stake in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 30.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,065 shares of the transportation company’s stock after purchasing an additional 21,026 shares during the period. Raymond James & Associates’ holdings in ZTO Express (Cayman) were worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ZTO. Wells Fargo & Company MN grew its holdings in ZTO Express (Cayman) by 99.9% in the 1st quarter. Wells Fargo & Company MN now owns 23,516 shares of the transportation company’s stock valued at $353,000 after buying an additional 11,752 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in ZTO Express (Cayman) by 83.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 190,671 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 86,516 shares in the last quarter. Northern Trust Corp grew its holdings in ZTO Express (Cayman) by 189.7% in the 1st quarter. Northern Trust Corp now owns 277,982 shares of the transportation company’s stock valued at $4,167,000 after buying an additional 182,037 shares in the last quarter. BlackRock Inc. grew its holdings in ZTO Express (Cayman) by 39.0% in the 1st quarter. BlackRock Inc. now owns 334,305 shares of the transportation company’s stock valued at $5,012,000 after buying an additional 93,855 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in ZTO Express (Cayman) in the 1st quarter valued at $1,881,000. 30.27% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on ZTO. Zacks Investment Research raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Saturday, June 30th. JPMorgan Chase & Co. decreased their price objective on 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, ValuEngine lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.17.

Shares of NYSE ZTO opened at $16.24 on Friday. ZTO Express has a one year low of $14.51 and a one year high of $22.67. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 23.54 and a beta of 0.29.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Wednesday, August 8th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $634.41 million during the quarter. ZTO Express (Cayman) had a net margin of 26.08% and a return on equity of 15.45%. Equities research analysts predict that ZTO Express will post 0.76 earnings per share for the current year.

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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