Central Asset Investments & Management Holdings HK Ltd Invests $248,000 in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the transportation company’s stock, valued at approximately $248,000. ZTO Express (Cayman) accounts for 0.2% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its position in ZTO Express (Cayman) by 148.7% in the third quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock valued at $687,000 after acquiring an additional 16,588 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in ZTO Express (Cayman) by 23.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock worth $653,000 after buying an additional 4,943 shares during the last quarter. XY Capital Ltd acquired a new position in ZTO Express (Cayman) during the third quarter worth approximately $3,183,000. Confluence Investment Management LLC purchased a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $222,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at approximately $393,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $21.07 on Friday. The company has a market capitalization of $12.73 billion, a PE ratio of 14.73, a P/E/G ratio of 0.99 and a beta of -0.09. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The company has a 50-day simple moving average of $23.64 and a 200-day simple moving average of $22.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The business had revenue of $1.48 billion for the quarter. Equities research analysts predict that ZTO Express will post 1.66 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th were issued a $0.35 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 10th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is 47.55%.

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.