Brandes Investment Partners LP Has $46.83 Million Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Brandes Investment Partners LP increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,395,333 shares of the transportation company’s stock after purchasing an additional 24,903 shares during the quarter. Brandes Investment Partners LP owned approximately 0.40% of ZTO Express (Cayman) worth $46,829,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ZTO Express (Cayman) during the third quarter worth $8,723,000. Fisher Asset Management LLC boosted its holdings 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 worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ZTO Express (Cayman) by 112.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock worth $4,635,000 after purchasing an additional 98,877 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in ZTO Express (Cayman) during the third quarter worth $12,407,000. Finally, Confluence Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after purchasing an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZTO. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Trading Up 3.0 %

NYSE ZTO opened at $19.99 on Friday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13. The firm’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $20.98. ZTO Express has a 1 year low of $17.89 and a 1 year high of $27.50.

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.