328,098 Shares in ZTO Express (Cayman) Inc (ZTO) Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates bought a new position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 328,098 shares of the transportation company’s stock, valued at approximately $5,436,000. Dorsey Wright & Associates owned 0.06% of ZTO Express (Cayman) as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of ZTO Express (Cayman) during the first quarter worth approximately $117,000. Commonwealth Equity Services LLC purchased a new position in shares of ZTO Express (Cayman) during the second quarter worth approximately $205,000. Elite Wealth Management Inc. purchased a new position in shares of ZTO Express (Cayman) during the second quarter worth approximately $236,000. Crossmark Global Holdings Inc. purchased a new position in shares of ZTO Express (Cayman) during the second quarter worth approximately $248,000. Finally, Atria Investments LLC purchased a new position in shares of ZTO Express (Cayman) during the third quarter worth approximately $245,000. 30.27% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on ZTO shares. Zacks Investment Research raised shares of ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. cut their price objective on shares of ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Finally, ValuEngine lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.17.

ZTO stock traded up $0.60 during trading on Friday, hitting $16.24. 2,209,300 shares of the company’s stock traded hands, compared to its average volume of 2,677,081. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 23.52 and a beta of 0.29. ZTO Express has a 1 year low of $14.51 and a 1 year high of $22.67.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Wednesday, August 8th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The business had revenue of $634.41 million for the quarter. ZTO Express (Cayman) had a net margin of 26.08% and a return on equity of 15.45%. On average, analysts anticipate that ZTO Express will post 0.76 EPS for the current fiscal year.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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