Voloridge Investment Management LLC Buys New Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Voloridge Investment Management LLC acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 552,521 shares of the transportation company's stock, valued at approximately $10,802,000. Voloridge Investment Management LLC owned 0.09% of ZTO Express (Cayman) as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after purchasing an additional 2,758 shares during the period. Schechter Investment Advisors LLC boosted its stake in ZTO Express (Cayman) by 12.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock worth $220,000 after buying an additional 1,204 shares during the period. Lester Murray Antman dba SimplyRich boosted its stake in ZTO Express (Cayman) by 13.0% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock worth $225,000 after buying an additional 1,325 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at about $231,000. Finally, LPL Financial LLC purchased a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO traded up $0.77 during mid-day trading on Wednesday, hitting $17.53. The company had a trading volume of 4,475,262 shares, compared to its average volume of 2,792,194. The company has a market capitalization of $10.49 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. The business's 50-day simple moving average is $18.61 and its 200 day simple moving average is $19.21. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly 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 company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. On average, analysts expect that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is 43.04%.

Analysts Set New Price Targets

Several research firms recently weighed in on ZTO. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday. Citigroup lowered their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their target price for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Finally, HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of "Moderate Buy" and an average price target of $21.56.

ZTO Express (Cayman) 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.