Pitcairn Co. Increases Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Pitcairn Co. increased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,520 shares of the transportation company’s stock after buying an additional 1,211 shares during the period. Pitcairn Co.’s holdings in ZTO Express (Cayman) were worth $657,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of ZTO Express (Cayman) by 3.7% in the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after acquiring an additional 674 shares in the last quarter. Van ECK Associates Corp increased its holdings in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in ZTO Express (Cayman) by 4.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after purchasing an additional 816 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of ZTO Express (Cayman) by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of ZTO Express (Cayman) by 12.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company’s stock valued at $299,000 after buying an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 1.5 %

Shares of ZTO Express (Cayman) stock opened at $18.99 on Tuesday. The business has a 50-day moving average price of $23.41 and a 200 day moving average price of $22.06. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The firm has a market cap of $11.47 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.99 and a beta of -0.09.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.