Canada Pension Plan Investment Board Invests $13.95 Million in ZTO Express (Cayman) Inc. $ZTO

Key Points

• The Canada Pension Plan Investment Board has invested approximately $13.95 million in ZTO Express (Cayman) Inc., acquiring 703,100 shares, representing about 0.12% of the company as per their most recent SEC filing.
• Several institutional investors have increased their holdings in ZTO Express, contributing to a total of 41.65% ownership by institutional investors and hedge funds.
• Wall Street analysts have mixed forecasts for ZTO Express, with a consensus rating of "Buy" and a price target of $22.36, but individual ratings vary from "Strong Buy" to "Hold".

Canada Pension Plan Investment Board bought a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 703,100 shares of the transportation company's stock, valued at approximately $13,950,000. Canada Pension Plan Investment Board owned approximately 0.12% of ZTO Express (Cayman) as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of ZTO Express (Cayman) by 106.4% in the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after acquiring an additional 664 shares during the period. First Horizon Advisors Inc. grew its stake in ZTO Express (Cayman) by 70.8% in the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after acquiring an additional 884 shares during the period. Brooklyn Investment Group raised its holdings in ZTO Express (Cayman) by 443,600.0% during the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock worth $88,000 after buying an additional 4,436 shares during the last quarter. U S Global Investors Inc. lifted its position in ZTO Express (Cayman) by 47.0% in the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock valued at $200,000 after acquiring an additional 3,229 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZTO. Bank of America upped their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Citigroup reduced their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Finally, Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of "Buy" and a consensus price target of $22.36.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $18.20 on Tuesday. The stock has a market capitalization of $10.89 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 12.06 and a beta of -0.15. The business's fifty day moving average is $19.07 and its 200 day moving average is $18.87. ZTO Express has a one year low of $16.34 and a one year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 330.0%. ZTO Express (Cayman)'s payout ratio is presently 45.95%.

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.

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