Icon Advisers Inc. Co. Boosts Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Icon Advisers Inc. Co. lifted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 53.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,000 shares of the transportation company's stock after purchasing an additional 120,000 shares during the quarter. ZTO Express (Cayman) accounts for about 1.5% of Icon Advisers Inc. Co.'s holdings, making the stock its 7th largest holding. Icon Advisers Inc. Co. owned approximately 0.06% of ZTO Express (Cayman) worth $6,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after acquiring an additional 2,758 shares in the last quarter. Confluence Investment Management LLC raised its position in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after purchasing an additional 1,326 shares during the period. Schechter Investment Advisors LLC boosted its position in ZTO Express (Cayman) by 12.0% during 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 during the period. Lester Murray Antman dba SimplyRich grew its stake in shares of ZTO Express (Cayman) by 13.0% during 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 during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at about $232,000. 41.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZTO. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.28.

ZTO Express (Cayman) Trading Up 0.3 %

NYSE:ZTO traded up $0.06 during trading hours on Friday, reaching $18.82. 1,035,245 shares of the company traded hands, compared to its average volume of 2,967,758. The business's 50-day moving average price is $19.52 and its two-hundred day moving average price is $20.41. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The stock has a market capitalization of $11.26 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.03 and a beta of -0.03.

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

ZTO Express (Cayman) Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.

About ZTO Express (Cayman)

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.