ZTO Express (Cayman) Inc. $ZTO Stock Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 683,910 shares of the transportation company’s stock after selling 28,104 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ZTO Express (Cayman) were worth $13,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of ZTO Express (Cayman) by 114.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 66,021 shares of the transportation company’s stock worth $1,365,000 after purchasing an additional 35,240 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of ZTO Express (Cayman) by 18.5% during the second quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock valued at $901,000 after buying an additional 6,297 shares during the period. Nykredit A S purchased a new position in shares of ZTO Express (Cayman) during the second quarter valued at approximately $328,000. Allianz Asset Management GmbH purchased a new position in shares of ZTO Express (Cayman) during the second quarter valued at approximately $780,000. Finally, Corient Private Wealth LP boosted its position in ZTO Express (Cayman) by 12.1% during the second quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock worth $340,000 after acquiring an additional 1,640 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 0.7%

NYSE:ZTO opened at $20.02 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.96 and a beta of -0.19. ZTO Express has a one year low of $18.18 and a one year high of $26.20. The stock has a 50-day simple moving average of $20.58 and a 200 day simple moving average of $22.61.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts predict that ZTO Express will post 1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ZTO. Weiss Ratings cut shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $22.00 in a report on Thursday, September 3rd. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $22.00 in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.