Two Sigma Investments LP Sells 712,974 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Two Sigma Investments LP decreased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ZTO. Pzena Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 11.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock worth $153,669,000 after buying an additional 820,686 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its position in ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock worth $129,364,000 after acquiring an additional 633,604 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in ZTO Express (Cayman) by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company's stock valued at $46,829,000 after acquiring an additional 24,903 shares during the period. Todd Asset Management LLC increased its stake in shares of ZTO Express (Cayman) by 36.5% in the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after purchasing an additional 359,578 shares during the period. Finally, Marshall Wace LLP boosted its stake in ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after purchasing an additional 1,043,359 shares during the period. 41.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Monday, April 14th. 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 Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Citigroup cut their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Bank of America downgraded ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $19.00 in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and a consensus price target of $21.16.

ZTO Express (Cayman) Trading Down 1.9%

NYSE:ZTO traded down $0.35 during mid-day trading on Friday, hitting $17.52. The company's stock had a trading volume of 712,236 shares, compared to its average volume of 2,786,110. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.03 and a beta of -0.14. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The stock has a fifty day moving average of $18.52 and a 200-day moving average of $19.18.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) 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 return on equity of 15.44% and a net margin of 20.56%. On average, equities analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

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

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.