ZTO Express (Cayman) Inc (NYSE:ZTO) Shares Sold by Comerica Bank

Comerica Bank decreased its position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,411 shares of the transportation company’s stock after selling 1,080 shares during the quarter. Comerica Bank’s holdings in ZTO Express (Cayman) were worth $693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in ZTO Express (Cayman) by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 17,040 shares of the transportation company’s stock valued at $326,000 after purchasing an additional 710 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 1.5% in the second quarter. Confluence Investment Management LLC now owns 54,785 shares of the transportation company’s stock worth $1,047,000 after purchasing an additional 834 shares during the last quarter. Creative Planning raised its stake in shares of ZTO Express (Cayman) by 6.6% in the second quarter. Creative Planning now owns 15,475 shares of the transportation company’s stock worth $296,000 after purchasing an additional 952 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of ZTO Express (Cayman) by 17.5% in the first quarter. OLD National Bancorp IN now owns 13,774 shares of the transportation company’s stock worth $252,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of ZTO Express (Cayman) by 15.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,598 shares of the transportation company’s stock worth $285,000 after purchasing an additional 2,098 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. Zacks Investment Research lowered ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a report on Monday, May 20th.

ZTO Express (Cayman) stock traded down $0.44 during trading on Friday, reaching $21.24. 192,942 shares of the company were exchanged, compared to its average volume of 2,845,244. ZTO Express has a 52-week low of $14.69 and a 52-week high of $21.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.77 and a quick ratio of 3.76. The company has a market capitalization of $11.00 billion, a P/E ratio of 27.62 and a beta of 0.79. The stock’s 50 day simple moving average is $19.86 and its two-hundred day simple moving average is $19.25.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Thursday, August 15th. The transportation company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.51 billion. ZTO Express (Cayman) had a return on equity of 13.73% and a net margin of 21.99%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 earnings per share. As a group, equities analysts forecast that ZTO Express will post 0.87 earnings per share for the current year.

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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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