Todd Asset Management LLC Purchases 359,578 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Todd Asset Management LLC raised its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,345,583 shares of the transportation company’s stock after buying an additional 359,578 shares during the period. Todd Asset Management LLC owned about 0.22% of ZTO Express (Cayman) worth $26,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZTO. Cerity Partners LLC increased its position in ZTO Express (Cayman) by 3.7% in the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after purchasing an additional 674 shares during the last quarter. Van ECK Associates Corp raised its position in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $26,000. Financial Counselors Inc. raised its holdings in ZTO Express (Cayman) by 11.1% in the third quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in shares of ZTO Express (Cayman) by 4.8% during the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 1,211 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $19.83 on Tuesday. ZTO Express has a 12 month low of $17.89 and a 12 month high of $27.50. The firm’s fifty day simple moving average is $19.28 and its 200-day simple moving average is $21.02. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.03 and a beta of -0.16.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective on the stock. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their target price for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.53.

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.