Canada Pension Plan Investment Board Sells 82,271 Shares of Zto Express Inc (ZTO)
Canada Pension Plan Investment Board trimmed its stake in shares of Zto Express Inc (NYSE:ZTO) by 48.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,929 shares of the transportation company’s stock after selling 82,271 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Zto Express were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Zto Express by 16.9% during the third quarter. First Trust Advisors LP now owns 146,951 shares of the transportation company’s stock valued at $2,063,000 after purchasing an additional 21,297 shares in the last quarter. GRATRY & Co LLC acquired a new stake in Zto Express during the third quarter valued at approximately $1,036,000. Robeco Institutional Asset Management B.V. acquired a new stake in Zto Express during the third quarter valued at approximately $1,636,000. Summitview Investment Management acquired a new stake in Zto Express during the third quarter valued at approximately $1,904,000. Finally, Nomura Holdings Inc. boosted its holdings in Zto Express by 632.8% during the second quarter. Nomura Holdings Inc. now owns 153,525 shares of the transportation company’s stock valued at $2,145,000 after purchasing an additional 132,574 shares in the last quarter. 25.21% of the stock is currently owned by institutional investors.
Zto Express Inc (NYSE ZTO) opened at $16.83 on Monday. Zto Express Inc has a one year low of $11.14 and a one year high of $18.08. The stock has a market cap of $8,840.91 and a P/E ratio of 32.37.
Zto Express (NYSE:ZTO) last posted its earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Zto Express had a net margin of 22.54% and a return on equity of 14.83%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities analysts expect that Zto Express Inc will post 0.62 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Zto Express from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Daiwa Capital Markets assumed coverage on shares of Zto Express in a research note on Thursday, November 2nd. They issued a “buy” rating and a $18.50 target price for the company. Macquarie assumed coverage on shares of Zto Express in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 target price for the company. Finally, assumed coverage on shares of Zto Express in a research note on Tuesday, August 8th. They issued a “reduce” rating and a $12.50 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Zto Express presently has a consensus rating of “Buy” and an average price target of $17.79.
Zto Express Profile
ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.
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