Principal Financial Group Inc. Has $5.35 Million Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Principal Financial Group Inc. trimmed its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 80.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,373 shares of the transportation company’s stock after selling 1,034,760 shares during the quarter. Principal Financial Group Inc.’s holdings in ZTO Express (Cayman) were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Green Court Capital Management Ltd lifted its stake in shares of ZTO Express (Cayman) by 19.1% in the 4th quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company’s stock valued at $213,103,000 after purchasing an additional 1,607,986 shares during the period. Schroder Investment Management Group boosted its holdings in shares of ZTO Express (Cayman) by 68.4% during the 3rd quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock worth $199,655,000 after buying an additional 3,353,753 shares in the last quarter. Tiger Pacific Capital LP grew its position in shares of ZTO Express (Cayman) by 9.2% during the 4th quarter. Tiger Pacific Capital LP now owns 5,091,396 shares of the transportation company’s stock worth $108,345,000 after buying an additional 428,235 shares during the period. UBS Group AG increased its stake in shares of ZTO Express (Cayman) by 250.0% in the 4th quarter. UBS Group AG now owns 4,190,658 shares of the transportation company’s stock valued at $89,177,000 after acquiring an additional 2,993,195 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at $77,857,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

ZTO traded down $1.01 during trading on Friday, reaching $19.75. 1,661,146 shares of the company were exchanged, compared to its average volume of 3,984,656. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.97 and a beta of -0.12. ZTO Express has a 12-month low of $15.90 and a 12-month high of $28.04. The company’s 50-day moving average is $22.34 and its two-hundred day moving average is $20.52.

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

Analyst Ratings Changes

ZTO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective for the company. in a report on Wednesday, June 26th. HSBC cut their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Bank of America boosted their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average target price of $28.18.

ZTO Express (Cayman) 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.