Financial Counselors Inc. Raises Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Financial Counselors Inc. lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,726 shares of the transportation company’s stock after purchasing an additional 1,069 shares during the quarter. Financial Counselors Inc.’s holdings in ZTO Express (Cayman) were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $19.00 on Monday. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The company’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $21.99. The stock has a market capitalization of $11.48 billion, a PE ratio of 13.10, a P/E/G ratio of 0.97 and a beta of -0.09.

ZTO Express (Cayman) Company Profile

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.