Quantinno Capital Management LP Purchases 43,585 Shares of ZTO Express (Cayman) Inc. $ZTO

Quantinno Capital Management LP increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 31.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,217 shares of the transportation company’s stock after buying an additional 43,585 shares during the quarter. Quantinno Capital Management LP’s holdings in ZTO Express (Cayman) were worth $4,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in ZTO Express (Cayman) by 1.3% in the fourth quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock valued at $114,045,000 after acquiring an additional 69,529 shares during the period. Todd Asset Management LLC raised its position in shares of ZTO Express (Cayman) by 17.8% during the fourth quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock worth $35,451,000 after purchasing an additional 257,021 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of ZTO Express (Cayman) by 20.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after purchasing an additional 181,600 shares in the last quarter. State Street Corp lifted its holdings in shares of ZTO Express (Cayman) by 2.8% during the 4th quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after purchasing an additional 26,776 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of ZTO Express (Cayman) by 1,506.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after purchasing an additional 863,078 shares during the period. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Trading Up 1.5%

Shares of NYSE:ZTO opened at $24.04 on Friday. The company’s 50-day moving average price is $23.11 and its two-hundred day moving average price is $23.77. ZTO Express has a one year low of $17.74 and a one year high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $13.56 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.90 and a beta of -0.22.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZTO. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Buy” and a consensus price target of $27.03.

About ZTO Express (Cayman)

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.