Advisor Group Inc. increased its stake in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 13.0% during the 1st quarter, Holdings Channel reports. The fund owned 63,304 shares of the transportation company’s stock after purchasing an additional 7,302 shares during the quarter. Advisor Group Inc.’s holdings in ZTO Express (Cayman) were worth $1,156,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $167,000. Quadrant Capital Group LLC bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $189,000. National Asset Management Inc. bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $190,000. Quantamental Technologies LLC bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $199,000. Finally, World Asset Management Inc bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $219,000. Institutional investors and hedge funds own 39.20% of the company’s stock.
NYSE ZTO opened at $18.31 on Thursday. ZTO Express has a fifty-two week low of $14.69 and a fifty-two week high of $22.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.55 and a quick ratio of 3.55. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 23.78 and a beta of 0.82.
ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). ZTO Express (Cayman) had a return on equity of 13.28% and a net margin of 24.23%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, research analysts expect that ZTO Express will post 0.88 earnings per share for the current year.
ZTO has been the topic of several recent research reports. Zacks Investment Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a report on Thursday, May 16th. Finally, UBS Group upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. ZTO Express (Cayman) currently has an average rating of “Hold” and a consensus target price of $21.50.
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ZTO Express (Cayman) Profile
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.
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