Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 75.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,134 shares of the transportation company's stock after acquiring an additional 266,981 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of ZTO Express (Cayman) worth $12,104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in ZTO Express (Cayman) by 3.7% during the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company's stock valued at $468,000 after buying an additional 674 shares during the period. Point72 DIFC Ltd bought a new stake in ZTO Express (Cayman) in the third quarter worth $26,000. Financial Counselors Inc. increased its position in shares of ZTO Express (Cayman) by 11.1% during the third quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company's stock valued at $266,000 after acquiring an additional 1,069 shares in the last quarter. Schechter Investment Advisors LLC lifted its stake in ZTO Express (Cayman) by 12.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock valued at $220,000 after acquiring an additional 1,204 shares during the period. Finally, Pitcairn Co. boosted its position in ZTO Express (Cayman) by 4.8% in the third quarter. Pitcairn Co. now owns 26,520 shares of the transportation company's stock worth $657,000 after purchasing an additional 1,211 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

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ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO traded up $0.51 during trading on Wednesday, hitting $21.81. The company's stock had a trading volume of 5,667,760 shares, compared to its average volume of 3,083,455. The company has a market capitalization of $13.18 billion, a PE ratio of 15.04, a P/E/G ratio of 1.03 and a beta of -0.13. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The business has a 50 day moving average price of $19.43 and a two-hundred day moving average price of $20.98.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.03). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $11.73 billion. As a group, equities analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZTO has been the subject of several research analyst reports. Hsbc Global Res cut ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. HSBC lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Finally, StockNews.com cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.53.

About ZTO Express (Cayman)

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.