Hhlr Advisors LTD. Buys 235,460 Shares of 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. increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 54.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 671,387 shares of the transportation company's stock after purchasing an additional 235,460 shares during the period. ZTO Express (Cayman) makes up about 0.4% of Hhlr Advisors LTD.'s holdings, making the stock its 19th biggest position. Hhlr Advisors LTD. owned 0.11% of ZTO Express (Cayman) worth $13,320,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of ZTO Express (Cayman) by 106.4% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ZTO Express (Cayman) by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after purchasing an additional 730 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock worth $42,000 after purchasing an additional 884 shares during the period. Aurora Investment Counsel boosted its holdings in shares of ZTO Express (Cayman) by 1.0% in the 1st quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company's stock worth $2,742,000 after buying an additional 1,310 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of ZTO Express (Cayman) by 1.9% during the 1st quarter. Fifth Third Bancorp now owns 73,902 shares of the transportation company's stock valued at $1,466,000 after acquiring an additional 1,384 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of 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 research report on Thursday, May 29th. Bank of America boosted their price target on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Citigroup lowered their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd. One 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. According to MarketBeat.com, ZTO Express (Cayman) currently has an average rating of "Buy" and an average target price of $22.36.

ZTO Express (Cayman) Trading Up 0.9%

Shares of ZTO stock traded up $0.17 during trading hours on Thursday, hitting $18.19. 2,344,058 shares of the company's stock were exchanged, compared to its average volume of 2,515,555. The company has a market capitalization of $10.88 billion, a PE ratio of 12.29, a PEG ratio of 12.06 and a beta of -0.15. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50. The business's 50 day simple moving average is $19.09 and its 200-day simple moving average is $18.84.

ZTO Express (Cayman) Cuts Dividend

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