Temasek Holdings Private Ltd Has $130.78 Million Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Temasek Holdings Private Ltd lessened its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 40.0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,260,241 shares of the transportation company’s stock after selling 4,166,509 shares during the quarter. Temasek Holdings Private Ltd’s holdings in ZTO Express (Cayman) were worth $130,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ZTO. Royal Bank of Canada boosted its holdings in shares of ZTO Express (Cayman) by 22.9% in the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after purchasing an additional 32,663 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ZTO Express (Cayman) in the 1st quarter valued at $421,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at $190,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 156.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of ZTO Express (Cayman) by 29.3% in the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock valued at $8,316,000 after purchasing an additional 106,180 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. JPMorgan Chase & Co. raised their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Finally, Weiss Ratings downgraded ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Up 0.3%

Shares of ZTO opened at $22.90 on Tuesday. ZTO Express has a 52 week low of $17.03 and a 52 week high of $26.20. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.89 and a beta of -0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average of $24.07 and a 200-day moving average of $23.23.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%.The company had revenue of $2.07 billion during the quarter. As a group, sell-side analysts anticipate that ZTO Express will post 1.89 earnings per share for the current fiscal year.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.