Icon Advisers Inc. Co. Has $4.70 Million Stake in ZTO Express (Cayman) Inc. $ZTO

Icon Advisers Inc. Co. lessened its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 20.9% in the second quarter, Holdings Channel.com reports. The firm owned 265,000 shares of the transportation company’s stock after selling 70,000 shares during the quarter. ZTO Express (Cayman) comprises 1.1% of Icon Advisers Inc. Co.’s portfolio, making the stock its 26th biggest holding. Icon Advisers Inc. Co.’s holdings in ZTO Express (Cayman) were worth $4,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of ZTO Express (Cayman) by 5.3% during the first quarter. US Bancorp DE now owns 89,393 shares of the transportation company’s stock worth $1,774,000 after purchasing an additional 4,525 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ZTO Express (Cayman) by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,921 shares of the transportation company’s stock worth $5,514,000 after buying an additional 1,495 shares during the period. Deutsche Bank AG grew its position in shares of ZTO Express (Cayman) by 100.9% in the 1st quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company’s stock valued at $405,000 after buying an additional 2,398,757 shares during the last quarter. XY Capital Ltd increased its stake in shares of ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock valued at $20,659,000 after buying an additional 644,390 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at about $1,994,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ZTO shares. Zacks Research upgraded ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZTO Express (Cayman) in a research note on Wednesday. Finally, Bank of America lifted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $20.65 on Friday. The stock’s 50 day simple moving average is $19.15 and its 200 day simple moving average is $18.75. The company has a market cap of $12.36 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 4.45 and a beta of -0.20. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $22.01.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Wednesday, November 19th. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $11.91 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that ZTO Express will post 1.57 earnings per share for the current year.

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.