SG Americas Securities LLC lifted its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 320,625 shares of the transportation company's stock after buying an additional 24,900 shares during the period. SG Americas Securities LLC owned about 0.05% of ZTO Express (Cayman) worth $6,361,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ZTO. Marshall Wace LLP lifted its stake in shares of ZTO Express (Cayman) by 831.6% in the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after buying an additional 1,043,359 shares during the period. Pzena Investment Management LLC lifted its stake in ZTO Express (Cayman) by 11.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock worth $153,669,000 after purchasing an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in ZTO Express (Cayman) by 10.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock worth $129,364,000 after purchasing an additional 633,604 shares during the period. WFM ASIA BVI Ltd bought a new position in ZTO Express (Cayman) during the fourth quarter worth about $11,364,000. Finally, Voloridge Investment Management LLC bought a new position in ZTO Express (Cayman) during the fourth quarter worth about $10,802,000. Institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Trading Down 1.9%
Shares of ZTO Express (Cayman) stock traded down $0.33 during midday trading on Friday, reaching $17.45. The company had a trading volume of 968,865 shares, compared to its average volume of 2,793,071. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.03 and a beta of -0.18. The stock has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $18.96. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. Sell-side analysts expect that ZTO Express will post 1.57 earnings per share for the current year.
ZTO Express (Cayman) Announces Dividend
The firm also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio is presently 43.04%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Bank of America cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their price target for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Wall Street Zen cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target for the company in a research note on Monday, April 14th. Citigroup cut their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.16.
Read Our Latest Research Report on ZTO
About ZTO Express (Cayman)
(
Free Report)
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.
Further Reading
Before you consider ZTO Express (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZTO Express (Cayman) wasn't on the list.
While ZTO Express (Cayman) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
