Alberta Investment Management Corp Sells 40,100 Shares of ZTO Express (Cayman) Inc. $ZTO

Alberta Investment Management Corp lessened its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 69.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the transportation company’s stock after selling 40,100 shares during the period. Alberta Investment Management Corp’s holdings in ZTO Express (Cayman) were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp bought a new position in ZTO Express (Cayman) in the 2nd quarter valued at about $12,604,000. Norges Bank acquired a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth approximately $7,446,000. Pzena Investment Management LLC increased its stake in ZTO Express (Cayman) by 4.9% in the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after acquiring an additional 376,179 shares during the last quarter. TB Alternative Assets Ltd. raised its position in ZTO Express (Cayman) by 208.5% during the third quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock valued at $4,895,000 after purchasing an additional 172,300 shares in the last quarter. Finally, Virtus Family Office LLC lifted its stake in ZTO Express (Cayman) by 354.3% during the second quarter. Virtus Family Office LLC now owns 217,547 shares of the transportation company’s stock worth $3,861,000 after purchasing an additional 169,660 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 0.6%

Shares of NYSE:ZTO opened at $25.46 on Friday. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 4.78 and a beta of -0.18. The business has a 50 day moving average price of $22.36 and a 200 day moving average price of $20.41. ZTO Express has a twelve month low of $16.34 and a twelve month high of $25.52.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. During the same quarter in the prior year, the company earned $2.90 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that ZTO Express will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZTO shares. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.