Voloridge Investment Management LLC Takes Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Voloridge Investment Management LLC purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of ZTO. ABC Arbitrage SA bought a new position in ZTO Express (Cayman) in the 4th quarter valued at about $316,000. SG Americas Securities LLC increased its holdings 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 valued at $5,781,000 after buying an additional 285,484 shares during the period. XY Capital Ltd increased its holdings in ZTO Express (Cayman) by 208.9% in the 4th quarter. XY Capital Ltd now owns 396,873 shares of the transportation company's stock valued at $7,759,000 after buying an additional 268,387 shares during the period. Blue Trust Inc. increased its holdings in ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after buying an additional 2,758 shares during the period. Finally, LPL Financial LLC bought a new position in ZTO Express (Cayman) in the 4th quarter valued at about $232,000. 41.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZTO has been the topic of several research reports. 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. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $23.00 to $21.00 in a report on Thursday. Bank of America lowered shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. Wall Street Zen lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.16.

ZTO Express (Cayman) Price Performance

NYSE ZTO traded down $0.35 on Friday, reaching $17.52. 857,049 shares of the company's stock traded hands, compared to its average volume of 2,786,758. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The stock has a 50-day simple moving average of $18.52 and a 200 day simple moving average of $19.18. The stock has a market cap of $10.48 billion, a PE ratio of 12.09, a P/E/G ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, analysts anticipate that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

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

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.