Caisse DE Depot ET Placement DU Quebec Sells 125,100 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Caisse DE Depot ET Placement DU Quebec reduced its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 386,135 shares of the transportation company's stock after selling 125,100 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.06% of ZTO Express (Cayman) worth $7,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZTO. Confluence Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after acquiring an additional 1,326 shares during the period. ABC Arbitrage SA acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at approximately $316,000. SG Americas Securities LLC increased its position in ZTO Express (Cayman) by 2,787.7% in the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock worth $5,781,000 after buying an additional 285,484 shares during the period. XY Capital Ltd lifted its holdings in shares of ZTO Express (Cayman) by 208.9% during the fourth quarter. XY Capital Ltd now owns 396,873 shares of the transportation company's stock worth $7,759,000 after buying an additional 268,387 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after acquiring an additional 2,758 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded down $0.23 during midday trading on Friday, reaching $18.73. 651,835 shares of the company traded hands, compared to its average volume of 2,817,362. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The stock's 50-day simple moving average is $19.24 and its 200-day simple moving average is $19.74. The firm has a market cap of $11.21 billion, a PE ratio of 12.92, a PEG ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. On average, equities research analysts expect that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th were given a $0.35 dividend. The ex-dividend date was Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s payout ratio is 45.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. StockNews.com raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.28.

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.