Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 352,153 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 3rd quarter, HoldingsChannel reports. The firm purchased 352,153 shares of the transportation company’s stock, valued at approximately $8,723,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZTO. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of ZTO Express (Cayman) in the third quarter worth approximately $505,000. Caprock Group LLC bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at $230,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in ZTO Express (Cayman) during the 3rd quarter valued at approximately $248,000. GSA Capital Partners LLP lifted its stake in ZTO Express (Cayman) by 148.7% in the 3rd quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock worth $687,000 after purchasing an additional 16,588 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in ZTO Express (Cayman) by 23.1% during the third quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock valued at $653,000 after buying an additional 4,943 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

ZTO opened at $19.82 on Friday. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a fifty day moving average price of $23.52 and a 200 day moving average price of $22.07. The stock has a market cap of $11.98 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.00 and a beta of -0.09.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

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.