Cerity Partners LLC Has $519,000 Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Cerity Partners LLC lifted its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 30.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,170 shares of the transportation company’s stock after acquiring an additional 6,135 shares during the quarter. Cerity Partners LLC’s holdings in ZTO Express (Cayman) were worth $519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its position in shares of ZTO Express (Cayman) by 106.4% in the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 664 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of ZTO Express (Cayman) by 70.8% in the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 884 shares during the last quarter. U S Global Investors Inc. increased its position in shares of ZTO Express (Cayman) by 47.0% in the first quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 3,229 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at about $231,000. Finally, LPL Financial LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at about $232,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ZTO. Hsbc Global Res raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Bank of America cut ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Citigroup reduced their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating for the company in a report on Thursday, May 22nd. Finally, HSBC upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.76.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $20.31 on Friday. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The stock has a market capitalization of $12.15 billion, a P/E ratio of 12.85, a PEG ratio of 3.07 and a beta of -0.18. The stock has a 50-day simple moving average of $17.89 and a 200 day simple moving average of $18.74.

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.