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

Advisors Asset Management Inc. raised its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,057 shares of the transportation company’s stock after purchasing 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 & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in ZTO Express (Cayman) during the third quarter valued at approximately $8,723,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at approximately $505,000. Caprock Group LLC purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at $230,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in ZTO Express (Cayman) in the third quarter worth $248,000. Finally, GSA Capital Partners LLP raised its stake in ZTO Express (Cayman) by 148.7% during the third quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock valued at $687,000 after purchasing an additional 16,588 shares in 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 $19.21 on Friday. The stock’s 50 day moving average price is $23.21 and its 200-day moving average price is $22.00. 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 price-to-earnings ratio of 13.25, a P/E/G ratio of 0.96 and a beta of -0.09.

Wall Street Analyst Weigh In

ZTO has been the subject of several recent research reports. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Company 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.