Northern Trust Corp Cuts Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Northern Trust Corp cut its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,318 shares of the transportation company's stock after selling 26,396 shares during the quarter. Northern Trust Corp owned 0.06% of ZTO Express (Cayman) worth $6,927,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of ZTO Express (Cayman) by 2,787.7% in the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after buying an additional 285,484 shares during the period. Blue Trust Inc. increased its stake in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after buying an additional 2,758 shares during the period. XY Capital Ltd increased its stake in shares of ZTO Express (Cayman) by 208.9% in the fourth quarter. XY Capital Ltd now owns 396,873 shares of the transportation company's stock valued at $7,759,000 after buying an additional 268,387 shares during the period. Lester Murray Antman dba SimplyRich increased its stake in shares of ZTO Express (Cayman) by 13.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock valued at $225,000 after buying an additional 1,325 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at about $316,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock traded up $0.09 during mid-day trading on Friday, reaching $17.00. The stock had a trading volume of 2,449,384 shares, compared to its average volume of 2,788,259. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The stock's 50-day simple moving average is $18.78 and its 200-day simple moving average is $19.26. The firm has a market capitalization of $10.17 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14.

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

ZTO Express (Cayman) Dividend Announcement

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

Wall Street Analysts Forecast Growth

ZTO has been the subject of several recent research reports. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $24.00 to $19.00 in a research note on Thursday. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup decreased their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and a consensus price target of $21.56.

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.