1,184,900 Shares in ZTO Express (Cayman) Inc. (NYSE:ZTO) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,184,900 shares of the transportation company’s stock, valued at approximately $29,350,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.20% of ZTO Express (Cayman) as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in ZTO Express (Cayman) during the second quarter worth about $45,000. Van ECK Associates Corp raised its holdings in ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares in the last quarter. Blue Trust Inc. increased its holdings in ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares in the last quarter. Mendota Financial Group LLC purchased a new position in ZTO Express (Cayman) in the second quarter valued at about $167,000. Finally, Confluence Investment Management LLC purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $222,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Price Performance

ZTO stock opened at $19.21 on Thursday. The company’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $22.02. The firm has a market capitalization of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.96 and a beta of -0.09. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50.

ZTO Express (Cayman) 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.