Lazard Asset Management LLC Sells 490,472 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Lazard Asset Management LLC decreased its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 730,615 shares of the transportation company’s stock after selling 490,472 shares during the period. Lazard Asset Management LLC owned 0.12% of ZTO Express (Cayman) worth $15,298,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ZTO. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) in the first quarter valued at approximately $43,000. Tower Research Capital LLC TRC boosted its position in shares of ZTO Express (Cayman) by 31.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after purchasing an additional 791 shares during the last quarter. Blue Trust Inc. grew its stake in shares of ZTO Express (Cayman) by 1,333.1% during the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock worth $106,000 after purchasing an additional 4,626 shares during the period. Barometer Capital Management Inc. bought a new stake in ZTO Express (Cayman) in the fourth quarter valued at about $126,000. Finally, U S Global Investors Inc. lifted its stake in ZTO Express (Cayman) by 50.6% in the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock valued at $141,000 after buying an additional 2,231 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price for the company. in a research report on Wednesday, June 26th. Bank of America increased their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.18.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $18.97 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.89 and a beta of -0.12. The business has a 50 day simple moving average of $21.81 and a 200 day simple moving average of $20.49. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.89.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $0.32 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. The company had revenue of $1.38 billion during the quarter. Analysts anticipate that ZTO Express will post 1.7 earnings per share for the current fiscal year.

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.