ZTO Express (Cayman) Inc. $ZTO Stock Position Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 97.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,131 shares of the transportation company’s stock after selling 548,027 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in ZTO Express (Cayman) were worth $215,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ZTO. Hantz Financial Services Inc. boosted its position 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 valued at $68,000 after purchasing an additional 3,501 shares during the period. Brooklyn Investment Group lifted its stake in ZTO Express (Cayman) by 443,600.0% during the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company’s stock valued at $88,000 after buying an additional 4,436 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of ZTO Express (Cayman) by 11.5% in the second quarter. Savant Capital LLC now owns 12,242 shares of the transportation company’s stock worth $217,000 after buying an additional 1,260 shares during the period. One Wealth Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 6.6% in the second quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company’s stock worth $226,000 after buying an additional 790 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of ZTO Express (Cayman) by 7.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,173 shares of the transportation company’s stock worth $234,000 after acquiring an additional 961 shares in the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Up 1.4%

Shares of NYSE:ZTO opened at $19.21 on Friday. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 7.40 and a beta of -0.20. ZTO Express has a 1 year low of $16.34 and a 1 year high of $22.01. The business has a fifty day simple moving average of $19.00 and a 200 day simple moving average of $18.69.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Wednesday, November 19th. The transportation company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($2.08). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $11.91 billion. ZTO Express (Cayman) had a return on equity of 14.50% and a net margin of 18.61%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 earnings per share. On average, sell-side analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on ZTO. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Wednesday, October 8th. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Finally, Zacks Research raised ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.