Crossmark Global Holdings Inc. Sells 3,719 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Crossmark Global Holdings Inc. reduced its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,644 shares of the transportation company’s stock after selling 3,719 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ZTO Express (Cayman) were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Confluence Investment Management LLC grew its holdings in shares of ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at $4,721,000. Stifel Financial Corp increased its position in shares of ZTO Express (Cayman) by 8.5% during the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after buying an additional 2,888 shares during the period. Pinpoint Asset Management Ltd grew its stake in ZTO Express (Cayman) by 16.7% during the third quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after purchasing an additional 15,071 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $26,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Up 1.1 %

Shares of ZTO stock opened at $18.67 on Monday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The stock has a market capitalization of $11.28 billion, a P/E ratio of 12.87, a PEG ratio of 0.94 and a beta of -0.15. The firm’s 50 day moving average is $19.21 and its 200 day moving average is $21.02.

Analyst Ratings Changes

ZTO has been the topic of a number of research reports. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.53.

About ZTO Express (Cayman)

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.