Intech Investment Management LLC Decreases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Intech Investment Management LLC lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 3.8% in the third quarter, Holdings Channel reports. The fund owned 13,853 shares of the transportation company’s stock after selling 541 shares during the period. Intech Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in ZTO Express (Cayman) by 18.1% during the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after purchasing an additional 1,079,327 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in ZTO Express (Cayman) by 1,731.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock worth $10,173,000 after purchasing an additional 463,496 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ZTO Express (Cayman) during the third quarter worth approximately $8,723,000. State of New Jersey Common Pension Fund D raised its holdings in ZTO Express (Cayman) by 119.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 509,092 shares of the transportation company’s stock worth $10,564,000 after purchasing an additional 277,110 shares in the last quarter. Finally, Barings LLC raised its holdings in ZTO Express (Cayman) by 100.9% during the second quarter. Barings LLC now owns 437,816 shares of the transportation company’s stock worth $9,085,000 after purchasing an additional 219,926 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $19.01 on Wednesday. The firm’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $21.92. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.97 and a beta of -0.13.

Wall Street Analyst Weigh In

ZTO has been the topic of a number of research analyst reports. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Profile

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.