Advisors Asset Management Inc. Purchases 1,293 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Advisors Asset Management Inc. boosted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,057 shares of the transportation company’s stock after acquiring an additional 1,293 shares during the period. Advisors Asset Management Inc.’s holdings in ZTO Express (Cayman) were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. First Horizon Advisors Inc. bought a new position in ZTO Express (Cayman) in the second quarter worth approximately $45,000. Van ECK Associates Corp raised its position in shares of ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after purchasing an additional 1,560 shares during the last quarter. Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $167,000. Finally, Confluence Investment Management LLC bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $222,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $19.21 on Friday. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The stock has a market cap of $11.61 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.96 and a beta of -0.09. The stock has a 50-day moving average of $23.21 and a two-hundred day moving average of $22.00.

Analyst Upgrades and Downgrades

Several analysts have commented on ZTO shares. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.