Two Sigma Investments LP Has $6.81 Million Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Two Sigma Investments LP lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 67.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,308 shares of the transportation company's stock after selling 712,974 shares during the period. Two Sigma Investments LP owned 0.06% of ZTO Express (Cayman) worth $6,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its position in ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after purchasing an additional 2,758 shares during the last quarter. Schechter Investment Advisors LLC increased its stake in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock valued at $220,000 after buying an additional 1,204 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its stake in shares of ZTO Express (Cayman) by 13.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock valued at $225,000 after buying an additional 1,325 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at $231,000. Finally, LPL Financial LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at $232,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 4.6%

Shares of ZTO Express (Cayman) stock traded up $0.77 during trading on Wednesday, reaching $17.53. 4,475,262 shares of the company were exchanged, compared to its average volume of 2,796,749. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The business has a 50-day moving average price of $18.61 and a 200-day moving average price of $19.21. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. On average, equities research analysts forecast that ZTO Express will post 1.57 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is presently 43.04%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZTO. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Citigroup decreased 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. Finally, HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.56.

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.