Connor Clark & Lunn Investment Management Ltd. Invests $8.72 Million in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 352,153 shares of the transportation company's stock, valued at approximately $8,723,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of ZTO Express (Cayman) at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZTO. Van ECK Associates Corp raised its holdings in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company's stock worth $46,000 after buying an additional 690 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 acquiring an additional 816 shares during the period. DekaBank Deutsche Girozentrale grew its stake in ZTO Express (Cayman) by 0.6% during 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 during the last quarter. Blue Trust Inc. increased its holdings in shares of ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock valued at $57,000 after purchasing an additional 1,560 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of ZTO Express (Cayman) in the first quarter worth about $43,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

NYSE:ZTO traded down $0.54 during trading hours on Friday, reaching $19.28. 2,971,614 shares of the company were exchanged, compared to its average volume of 3,441,245. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.65 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.00 and a beta of -0.09. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The stock's 50-day moving average is $23.52 and its 200-day moving average is $22.07.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. The company had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.62% and a net margin of 20.56%. On average, sell-side analysts anticipate that ZTO Express will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ZTO Express (Cayman) 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.