Cerity Partners LLC Boosts Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Cerity Partners LLC lifted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The firm 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in ZTO Express (Cayman) in the second quarter valued at $45,000. Van ECK Associates Corp grew its position in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 690 shares during the period. Blue Trust Inc. increased its stake in shares of ZTO Express (Cayman) by 210.0% in the 3rd 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 in the last quarter. Confluence Investment Management LLC acquired a new position in ZTO Express (Cayman) in the 3rd quarter worth about $222,000. Finally, Caprock Group LLC purchased a new position in ZTO Express (Cayman) during the third quarter worth approximately $230,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $18.49 on Monday. The stock’s 50 day simple moving average is $22.72 and its 200-day simple 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 has a 1-year low of $15.90 and a 1-year high of $27.50.

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.