ZTO Express (Cayman) Inc. $ZTO Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 8.3% in the third quarter, HoldingsChannel.com reports. The firm owned 895,650 shares of the transportation company’s stock after buying an additional 68,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ZTO Express (Cayman) were worth $17,196,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZTO. Smartleaf Asset Management LLC raised its stake in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares during the period. First Horizon Corp acquired a new stake in ZTO Express (Cayman) during the 3rd quarter worth $40,000. CWM LLC grew its holdings in shares of ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after buying an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of ZTO Express (Cayman) by 986.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock worth $68,000 after acquiring an additional 3,501 shares during the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Down 2.5%

ZTO opened at $23.35 on Wednesday. ZTO Express has a 52 week low of $16.34 and a 52 week high of $25.52. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 4.34 and a beta of -0.20. The business’s 50 day moving average is $22.88 and its two-hundred day moving average is $20.66.

Analyst Upgrades and Downgrades

ZTO has been the subject of several recent analyst reports. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.