Global Retirement Partners LLC Purchases Shares of 56,021 ZTO Express (Cayman) Inc. $ZTO

Global Retirement Partners LLC bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 56,021 shares of the transportation company’s stock, valued at approximately $1,254,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZTO. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ZTO Express (Cayman) by 20.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after purchasing an additional 181,600 shares in the last quarter. Todd Asset Management LLC increased its stake in shares of ZTO Express (Cayman) by 10.4% in the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after buying an additional 178,235 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after acquiring an additional 863,078 shares during the period. QRG Capital Management Inc. purchased a new position in ZTO Express (Cayman) during the 1st quarter valued at about $653,000. Finally, Renaissance Technologies LLC increased its stake in shares of ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after buying an additional 495,100 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

ZTO has been the subject of a number of research reports. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price target on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO opened at $22.87 on Tuesday. 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 firm has a fifty day moving average price of $23.23 and a 200-day moving average price of $23.82. The stock has a market cap of $12.75 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.87 and a beta of -0.22. ZTO Express has a 1 year low of $17.74 and a 1 year high of $26.20.

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.