Public Employees Retirement System of Ohio Boosts Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Public Employees Retirement System of Ohio grew its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,907 shares of the transportation company's stock after acquiring an additional 19,329 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ZTO Express (Cayman) were worth $4,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ZTO. Natixis Advisors LLC lifted its position in ZTO Express (Cayman) by 1.4% in the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock valued at $1,270,000 after acquiring an additional 918 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of ZTO Express (Cayman) by 7.5% during the fourth quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after buying an additional 980 shares during the period. Cerity Partners LLC grew its holdings in shares of ZTO Express (Cayman) by 5.9% during the fourth quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock worth $392,000 after buying an additional 1,122 shares in the last quarter. Schechter Investment Advisors LLC grew its holdings in shares of ZTO Express (Cayman) by 12.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock worth $220,000 after buying an additional 1,204 shares in the last quarter. Finally, Banco Santander S.A. raised its position in ZTO Express (Cayman) by 3.1% in the 4th quarter. Banco Santander S.A. now owns 41,840 shares of the transportation company's stock valued at $818,000 after buying an additional 1,248 shares during the last quarter. Institutional investors own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

ZTO has been the topic of several analyst reports. Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Monday, April 14th. Bank of America downgraded ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their price target for the company from $24.00 to $19.00 in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 29th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.16.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO traded down $0.06 during midday trading on Tuesday, hitting $17.12. 3,660,073 shares of the stock were exchanged, compared to its average volume of 2,797,143. The business's 50-day moving average price is $18.36 and its 200 day moving average price is $19.09. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. As a group, sell-side analysts expect that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

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

ZTO Express (Cayman) 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.