17,266 Shares in ZTO Express (Cayman) Inc. $ZTO Acquired by Trexquant Investment LP

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 purchased 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 & Exchange Commission. The institutional investor purchased 17,266 shares of the transportation company's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in ZTO Express (Cayman) by 440.9% during 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 during the last quarter. Brooklyn Investment Group increased its stake in ZTO Express (Cayman) by 443,600.0% during the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock worth $88,000 after acquiring an additional 4,436 shares during the last quarter. Long Corridor Asset Management Ltd acquired a new stake in ZTO Express (Cayman) during the first quarter worth about $1,984,000. Todd Asset Management LLC increased its stake in ZTO Express (Cayman) by 0.7% during the first quarter. Todd Asset Management LLC now owns 1,354,716 shares of the transportation company's stock worth $26,878,000 after acquiring an additional 9,133 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in ZTO Express (Cayman) during the first quarter worth about $1,994,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZTO has been the subject of a number of recent research reports. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Citigroup lowered 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, May 22nd. Bank of America increased their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, ZTO Express (Cayman) currently has an average rating of "Buy" and an average target price of $22.36.

ZTO Express (Cayman) Stock Up 1.1%

Shares of ZTO Express (Cayman) stock traded up $0.22 on Monday, hitting $19.28. 1,249,925 shares of the company's stock traded hands, compared to its average volume of 1,949,339. The stock has a market cap of $11.53 billion, a P/E ratio of 13.02, a PEG ratio of 7.76 and a beta of -0.15. The firm's 50-day moving average is $19.24 and its 200 day moving average is $18.78. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.29 dividend. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 330.0%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is presently 45.95%.

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.