ZTO Express (Cayman) Inc. $ZTO is Virtus Family Office LLC’s 9th Largest Position

Virtus Family Office LLC increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,654 shares of the transportation company’s stock after buying an additional 26,107 shares during the period. ZTO Express (Cayman) comprises approximately 4.4% of Virtus Family Office LLC’s investment portfolio, making the stock its 9th largest holding. Virtus Family Office LLC’s holdings in ZTO Express (Cayman) were worth $4,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new position in ZTO Express (Cayman) during the second quarter valued at $12,604,000. Envestnet Asset Management Inc. boosted its holdings in ZTO Express (Cayman) by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 581,339 shares of the transportation company’s stock worth $11,161,000 after buying an additional 12,703 shares during the last quarter. Marshall Wace LLP boosted its holdings in ZTO Express (Cayman) by 29.3% in the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock worth $8,316,000 after buying an additional 106,180 shares during the last quarter. Norges Bank purchased a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $7,446,000. Finally, SG Americas Securities LLC raised its holdings in shares of ZTO Express (Cayman) by 12.7% during the third quarter. SG Americas Securities LLC now owns 386,715 shares of the transportation company’s stock valued at $7,425,000 after acquiring an additional 43,570 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ZTO shares. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Stock Up 0.8%

NYSE:ZTO traded up $0.19 on Friday, hitting $23.82. The stock had a trading volume of 33,137 shares, compared to its average volume of 2,188,493. The company has a fifty day moving average price of $21.60 and a two-hundred day moving average price of $20.06. ZTO Express has a 1-year low of $16.34 and a 1-year high of $23.86. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 4.30 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. During the same quarter in the previous year, the business posted $2.90 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) 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.