Hhlr Advisors LTD. Has $13.32 Million Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Hhlr Advisors LTD. increased its stake in ZTO Express (Cayman) Inc. by 54.0%, now owning approximately $13.32 million worth of the stock as of its latest SEC filing.
• ZTO Express has experienced significant investment activity from institutional investors, with UMB Bank n.a. growing its stake by 106.4% during the same quarter.
• The company recently declared a semi-annual dividend of $0.29 per share, reflecting a yield of 330.0%, with a payout ratio of 45.95%.

Hhlr Advisors LTD. lifted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 54.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 671,387 shares of the transportation company's stock after purchasing an additional 235,460 shares during the quarter. ZTO Express (Cayman) accounts for approximately 0.4% of Hhlr Advisors LTD.'s holdings, making the stock its 19th biggest holding. Hhlr Advisors LTD. owned approximately 0.11% of ZTO Express (Cayman) worth $13,320,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after purchasing an additional 730 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of ZTO Express (Cayman) by 31.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after purchasing an additional 137,202 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of ZTO Express (Cayman) by 30.6% in the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock worth $519,000 after purchasing an additional 6,135 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after purchasing an additional 664 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in shares of ZTO Express (Cayman) in the 1st quarter worth about $1,640,000. Institutional investors own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

ZTO has been the topic of several analyst reports. Citigroup lowered their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 29th. Morgan Stanley set a $24.20 price target on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Bank of America upped their price target 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. Finally, Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, ZTO Express (Cayman) currently has an average rating of "Buy" and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock traded up $0.17 during trading hours on Friday, reaching $18.36. 1,726,591 shares of the company's stock traded hands, compared to its average volume of 1,958,863. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 12.06 and a beta of -0.15. The firm's 50 day moving average is $19.10 and its 200-day moving average is $18.83.

ZTO Express (Cayman) Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.29 dividend. This represents a dividend yield of 330.0%. The ex-dividend date is Tuesday, September 30th. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 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.