Public Employees Retirement System of Ohio Makes New Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Public Employees Retirement System of Ohio purchased a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 190,578 shares of the transportation company’s stock, valued at approximately $4,721,000.

A number of other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ZTO Express (Cayman) in the 3rd quarter worth about $8,723,000. Fisher Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 10.0% during the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of ZTO Express (Cayman) by 60.9% in the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after buying an additional 63,300 shares during the period. Public Sector Pension Investment Board raised its holdings in ZTO Express (Cayman) by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after buying an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC acquired a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $927,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $19.21 on Friday. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The company has a 50 day simple moving average of $22.02 and a two-hundred day simple moving average of $21.62. The company has a market capitalization of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.98 and a beta of -0.13.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ZTO shares. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.03.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.