Quadrant Capital Group LLC Boosts Stock Position in ZTO Express (Cayman) Inc. $ZTO

Quadrant Capital Group LLC lifted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 245.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,272 shares of the transportation company’s stock after purchasing an additional 77,640 shares during the quarter. Quadrant Capital Group LLC’s holdings in ZTO Express (Cayman) were worth $2,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TB Alternative Assets Ltd. boosted its stake in shares of ZTO Express (Cayman) by 208.5% in the third quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock worth $4,895,000 after acquiring an additional 172,300 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in ZTO Express (Cayman) by 2,573.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after purchasing an additional 589,817 shares in the last quarter. Todd Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 6.3% in the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock worth $27,648,000 after buying an additional 85,545 shares in the last quarter. ABC Arbitrage SA acquired a new position in ZTO Express (Cayman) during the second quarter worth about $349,000. Finally, Mackenzie Financial Corp purchased a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $12,604,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Wall Street Zen lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Trading Up 1.2%

NYSE ZTO opened at $23.61 on Thursday. The stock has a market cap of $13.91 billion, a PE ratio of 15.63, a P/E/G ratio of 4.22 and a beta of -0.20. ZTO Express has a twelve month low of $16.34 and a twelve month high of $25.52. The stock has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $20.79.

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.