Mackenzie Financial Corp Takes Position in ZTO Express (Cayman) Inc. $ZTO

Mackenzie Financial Corp purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 710,092 shares of the transportation company’s stock, valued at approximately $12,604,000.

A number of other large investors have also recently added to or reduced their stakes in ZTO. Vanguard Personalized Indexing Management LLC increased its stake in ZTO Express (Cayman) by 96.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,223 shares of the transportation company’s stock worth $377,000 after acquiring an additional 10,436 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of ZTO Express (Cayman) in the 1st quarter valued at $343,000. DAVENPORT & Co LLC grew its holdings in shares of ZTO Express (Cayman) by 6.5% during the 2nd quarter. DAVENPORT & Co LLC now owns 46,956 shares of the transportation company’s stock worth $833,000 after purchasing an additional 2,848 shares during the period. ABC Arbitrage SA acquired a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth about $349,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth about $289,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Down 1.2%

ZTO opened at $20.56 on Wednesday. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 4.48 and a beta of -0.20. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.01. The stock’s 50-day moving average price is $19.23 and its 200 day moving average price is $18.78.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, November 19th. The transportation company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $11.91 billion. During the same quarter last year, the firm posted $2.90 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts forecast that ZTO Express will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

ZTO has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZTO Express (Cayman) in a research note on Wednesday, November 26th. Finally, Zacks Research upgraded shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.36.

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.