Fifth Third Bancorp Lowers Holdings in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Fifth Third Bancorp cut its stake in ZTO Express by 66.0% in Q4, selling 46,204 shares and leaving it with 23,794 shares worth about $497,000.
• Wall Street sentiment has turned more positive: ZTO has an average rating of Buy with a mean price target of $24.45, and several firms (including JPMorgan, which raised its target to $29) have upgraded the stock.
• ZTO reported $0.47 EPS on $2.07 billion in quarterly revenue, has a market cap of $14.58 billion, and paid a $0.39 per-share dividend on April 29.

Fifth Third Bancorp lowered its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 66.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,794 shares of the transportation company's stock after selling 46,204 shares during the quarter. Fifth Third Bancorp's holdings in ZTO Express (Cayman) were worth $497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in ZTO Express (Cayman) by 22.9% during the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company's stock worth $3,475,000 after purchasing an additional 32,663 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $421,000. Arrowstreet Capital Limited Partnership acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $190,000. EverSource Wealth Advisors LLC raised its stake in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company's stock worth $62,000 after buying an additional 2,127 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of ZTO Express (Cayman) by 29.3% during the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company's stock worth $8,316,000 after buying an additional 106,180 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

ZTO has been the topic of a number of analyst reports. Weiss Ratings upgraded ZTO Express (Cayman) from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, May 1st. Zacks Research raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $24.45.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $25.86 on Thursday. The stock has a fifty day moving average price of $24.62 and a 200 day moving average price of $22.43. The stock has a market cap of $14.58 billion, a PE ratio of 16.37, a P/E/G ratio of 1.28 and a beta of -0.18. ZTO Express has a 1 year low of $16.68 and a 1 year high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share for the quarter. The company had revenue of $2.07 billion for the quarter. ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%. As a group, equities research analysts predict that ZTO Express will post 1.82 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 318.0%. ZTO Express (Cayman)'s payout ratio is presently 48.10%.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China's leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO's service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

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