Brandes Investment Partners LP Buys 24,903 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Brandes Investment Partners LP grew its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,395,333 shares of the transportation company’s stock after purchasing an additional 24,903 shares during the quarter. Brandes Investment Partners LP’s holdings in ZTO Express (Cayman) were worth $46,829,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZTO. Crossmark Global Holdings Inc. raised its position in shares of ZTO Express (Cayman) by 23.1% in the third quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock valued at $653,000 after purchasing an additional 4,943 shares during the period. GSA Capital Partners LLP increased its position in ZTO Express (Cayman) by 148.7% during the third quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock worth $687,000 after acquiring an additional 16,588 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new position in ZTO Express (Cayman) during the third quarter worth about $248,000. Caprock Group LLC bought a new position in ZTO Express (Cayman) during the third quarter worth about $230,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in ZTO Express (Cayman) during the third quarter worth about $505,000. 41.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZTO. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Stock Up 3.0 %

Shares of ZTO Express (Cayman) stock opened at $19.99 on Friday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.03 and a beta of -0.13. ZTO Express has a 12-month low of $17.89 and a 12-month high of $27.50. The firm’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $20.98.

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.