Legacy Wealth Asset Management LLC Grows Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Legacy Wealth Asset Management LLC raised its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 544.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 135,019 shares of the transportation company's stock after buying an additional 114,064 shares during the period. ZTO Express (Cayman) comprises about 0.7% of Legacy Wealth Asset Management LLC's portfolio, making the stock its 19th largest holding. Legacy Wealth Asset Management LLC's holdings in ZTO Express (Cayman) were worth $2,679,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ZTO. Marshall Wace LLP grew its position in shares of ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after acquiring an additional 1,043,359 shares during the period. Pzena Investment Management LLC grew its position in shares of ZTO Express (Cayman) by 11.7% during the 4th quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after acquiring an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. grew its position in shares of ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock valued at $129,364,000 after acquiring an additional 633,604 shares during the period. WFM ASIA BVI Ltd acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at about $11,364,000. Finally, Voloridge Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at about $10,802,000. Hedge funds and other institutional investors own 41.65% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZTO. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup lowered their price objective 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. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price target for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Finally, Bank of America lowered ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.16.

ZTO Express (Cayman) Trading Down 0.1%

ZTO Express (Cayman) stock traded down $0.02 during mid-day trading on Thursday, hitting $17.03. The company's stock had a trading volume of 903,487 shares, compared to its average volume of 2,791,559. The firm has a market capitalization of $10.19 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The stock's fifty day moving average is $18.31 and its two-hundred day moving average is $19.07.

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

ZTO Express (Cayman) Announces Dividend

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

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.