SG Americas Securities LLC Buys 43,570 Shares of ZTO Express (Cayman) Inc. $ZTO

SG Americas Securities LLC grew its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,715 shares of the transportation company’s stock after purchasing an additional 43,570 shares during the period. SG Americas Securities LLC’s holdings in ZTO Express (Cayman) were worth $7,425,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. CWM LLC raised its holdings in shares of ZTO Express (Cayman) by 42.2% during the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after acquiring an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after acquiring an additional 2,127 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of ZTO Express (Cayman) by 986.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 3,501 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of ZTO Express (Cayman) in the second quarter valued at $190,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $21.73 on Friday. The firm has a market capitalization of $12.81 billion, a PE ratio of 14.39, a PEG ratio of 4.10 and a beta of -0.21. The stock’s fifty day moving average is $20.47 and its 200 day moving average is $19.52. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $22.26.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Thursday, November 20th. 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 return on equity of 14.33% and a net margin of 18.61%.During the same quarter in the previous year, the business earned $2.90 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZTO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.