Vident Advisory LLC Takes Position in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Vident Advisory LLC acquired a new position in ZTO Express (Cayman) Inc., purchasing 61,158 shares valued at approximately $1,213,000 in Q1, 2023.
• Several other institutional investors, including UMB Bank and Brooklyn Investment Group, significantly increased their holdings in ZTO Express, indicating strong interest from the investment community.
• ZTO Express recently declared a semi-annual dividend of $0.29 per share, with a yield of 330.0%, despite a reported dividend payout ratio of 45.95%.

Vident Advisory LLC acquired a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 61,158 shares of the transportation company's stock, valued at approximately $1,213,000.

Other large investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC grew its holdings in shares of ZTO Express (Cayman) by 98.9% during the 4th quarter. Bridgefront Capital LLC now owns 24,264 shares of the transportation company's stock worth $474,000 after acquiring an additional 12,064 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $978,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $231,000. Quantinno Capital Management LP grew its holdings in shares of ZTO Express (Cayman) by 20.5% during the 4th quarter. Quantinno Capital Management LP now owns 18,444 shares of the transportation company's stock worth $361,000 after acquiring an additional 3,133 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth approximately $10,802,000. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Up 0.9%

ZTO stock traded up $0.17 during trading on Tuesday, reaching $19.02. The company's stock had a trading volume of 529,739 shares, compared to its average volume of 2,496,126. The company has a market capitalization of $11.38 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 12.16 and a beta of -0.15. The company's fifty day moving average is $19.12 and its 200-day moving average is $18.80. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZTO shares. Bank of America boosted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Morgan Stanley set a $24.20 price objective 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 lowered their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 29th. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Citigroup lowered their price objective on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $22.36.

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.