Cerity Partners LLC Purchases 674 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Cerity Partners LLC increased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,913 shares of the transportation company’s stock after acquiring an additional 674 shares during the quarter. Cerity Partners LLC’s holdings in ZTO Express (Cayman) were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZTO. First Horizon Advisors Inc. purchased a new stake in ZTO Express (Cayman) in the second quarter valued at about $45,000. Fifth Third Bancorp raised its position in shares of ZTO Express (Cayman) by 275.9% in the 2nd quarter. Fifth Third Bancorp now owns 86,494 shares of the transportation company’s stock valued at $1,795,000 after purchasing an additional 63,483 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in ZTO Express (Cayman) by 28.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 441,739 shares of the transportation company’s stock worth $9,166,000 after purchasing an additional 96,602 shares in the last quarter. Banco Santander S.A. purchased a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $467,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ZTO shares. 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 price target for the company. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Trading Down 0.8 %

Shares of NYSE:ZTO opened at $18.49 on Monday. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The company’s 50 day moving average is $22.72 and its 200 day moving average is $21.79. The company has a market cap of $11.17 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.95 and a beta of -0.13.

ZTO Express (Cayman) Company 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.