Caisse DE Depot ET Placement DU Quebec Has $7.55 Million Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.06% of ZTO Express (Cayman) worth $7,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its position in shares of ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after buying an additional 1,043,359 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 11.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after acquiring an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in shares of ZTO Express (Cayman) by 10.6% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock valued at $129,364,000 after purchasing an additional 633,604 shares in the last quarter. WFM ASIA BVI Ltd bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth about $11,364,000. Finally, Todd Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 36.5% during the 4th quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after purchasing an additional 359,578 shares in the last quarter. Institutional investors own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock traded down $0.25 during trading on Wednesday, hitting $18.91. 1,736,563 shares of the company were exchanged, compared to its average volume of 2,837,932. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The firm has a market capitalization of $11.32 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. The firm's fifty day moving average price is $19.27 and its 200 day moving average price is $19.79.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (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 business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. As a group, equities research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

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

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. 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.