Trexquant Investment LP Makes New Investment in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Trexquant Investment LP has invested approximately $343,000 in ZTO Express (Cayman) Inc., acquiring 17,266 shares in the first quarter of the year.
• Several institutional investors have recently modified their holdings in ZTO, with notable increases by Mirae Asset Global Investments (6.4%) and Envestnet Asset Management (31.1%).
• ZTO Express is set to pay a $0.29 dividend on October 31st, with a substantial yield of 330%, despite a payout ratio of 45.95%.

Trexquant Investment LP acquired a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,266 shares of the transportation company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG increased its stake in shares of ZTO Express (Cayman) by 100.9% in the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company's stock valued at $405,000 after buying an additional 2,398,757 shares during the period. XY Capital Ltd grew its stake in ZTO Express (Cayman) by 162.4% during the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company's stock worth $20,659,000 after purchasing an additional 644,390 shares during the period. Voloridge Investment Management LLC bought a new position in ZTO Express (Cayman) in the fourth quarter worth approximately $10,802,000. Hsbc Holdings PLC boosted its holdings in ZTO Express (Cayman) by 440.9% in the first quarter. Hsbc Holdings PLC now owns 282,008 shares of the transportation company's stock worth $5,574,000 after acquiring an additional 229,876 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in ZTO Express (Cayman) by 31.1% in the first quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after acquiring an additional 137,202 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price 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. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. Bank of America lifted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $22.36.

ZTO Express (Cayman) Trading Up 0.9%

Shares of NYSE:ZTO traded up $0.18 during trading on Monday, reaching $19.24. The company's stock had a trading volume of 191,365 shares, compared to its average volume of 2,465,089. The stock has a market capitalization of $11.51 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 7.76 and a beta of -0.15. The firm's 50 day simple moving average is $19.22 and its two-hundred day simple moving average is $18.78. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50.

ZTO Express (Cayman) Cuts Dividend

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