Pzena Investment Management LLC Raises Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Pzena Investment Management LLC raised its position in ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,094,972 shares of the transportation company’s stock after buying an additional 34,203 shares during the quarter. Pzena Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $23,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZTO. FMR LLC increased its holdings in shares of ZTO Express (Cayman) by 2,862.2% in the third quarter. FMR LLC now owns 7,435,471 shares of the transportation company’s stock valued at $179,715,000 after purchasing an additional 7,184,463 shares during the period. Schroder Investment Management Group lifted its position in shares of ZTO Express (Cayman) by 68.4% in the third quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock valued at $199,655,000 after acquiring an additional 3,353,753 shares in the last quarter. UBS Group AG lifted its position in ZTO Express (Cayman) by 250.0% during the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company’s stock worth $89,177,000 after buying an additional 2,993,195 shares during the period. Green Court Capital Management Ltd lifted its position in ZTO Express (Cayman) by 19.1% during the fourth quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company’s stock worth $213,103,000 after buying an additional 1,607,986 shares during the period. Finally, SG Americas Securities LLC lifted its position in ZTO Express (Cayman) by 674.4% during the fourth quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company’s stock worth $11,348,000 after buying an additional 464,422 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 0.4 %

NYSE ZTO traded down $0.09 during trading on Thursday, reaching $24.67. The company’s stock had a trading volume of 1,072,353 shares, compared to its average volume of 4,373,335. ZTO Express has a 1-year low of $15.90 and a 1-year high of $28.50. The stock has a market capitalization of $14.97 billion, a PE ratio of 17.43, a PEG ratio of 1.09 and a beta of -0.05. The company has a current ratio of 1.15, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $21.32 and a 200-day moving average price of $20.49.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last announced its earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. On average, research analysts forecast that ZTO Express will post 1.7 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a yield of 2.82%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is 42.96%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZTO. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. HSBC dropped their price objective on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. JPMorgan Chase & Co. decreased their target price on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, Bank of America upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Read Our Latest Stock Report on ZTO Express (Cayman)

About ZTO Express (Cayman)

(Free Report)

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.

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

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