Icon Advisers Inc. Co. Has $6.04 Million Position in ZTO Express (Cayman) Inc. $ZTO

Icon Advisers Inc. Co. lifted its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,000 shares of the transportation company’s stock after acquiring an additional 40,000 shares during the period. ZTO Express (Cayman) makes up about 1.4% of Icon Advisers Inc. Co.’s portfolio, making the stock its 15th largest holding. Icon Advisers Inc. Co.’s holdings in ZTO Express (Cayman) were worth $6,041,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in ZTO Express (Cayman) in the fourth quarter valued at approximately $25,000. Leonteq Securities AG bought a new stake in ZTO Express (Cayman) during the fourth quarter worth $30,000. Atlas Capital Advisors Inc. bought a new stake in ZTO Express (Cayman) during the fourth quarter worth $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 769 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 2,244 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

ZTO Express (Cayman) Stock Up 0.5%

Shares of ZTO opened at $24.13 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. ZTO Express has a 52 week low of $17.74 and a 52 week high of $26.20. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 0.91 and a beta of -0.22. The stock has a fifty day moving average of $22.92 and a 200-day moving average of $23.61.

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.