ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,470 shares of the transportation company's stock after selling 186,831 shares during the period. State of New Jersey Common Pension Fund D's holdings in ZTO Express (Cayman) were worth $3,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Schroder Investment Management Group raised its holdings in shares of ZTO Express (Cayman) by 68.4% in the 3rd quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company's stock valued at $199,655,000 after buying an additional 3,353,753 shares during the period. FMR LLC raised its holdings in shares of ZTO Express (Cayman) by 2,862.2% in the 3rd quarter. FMR LLC now owns 7,435,471 shares of the transportation company's stock valued at $179,715,000 after buying an additional 7,184,463 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of ZTO Express (Cayman) by 18.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,378,480 shares of the transportation company's stock valued at $57,488,000 after buying an additional 368,600 shares during the period. Nordea Investment Management AB raised its holdings in shares of ZTO Express (Cayman) by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 1,661,908 shares of the transportation company's stock valued at $35,432,000 after buying an additional 216,367 shares during the period. Finally, Brandes Investment Partners LP raised its holdings in shares of ZTO Express (Cayman) by 15.2% in the 3rd quarter. Brandes Investment Partners LP now owns 1,527,359 shares of the transportation company's stock valued at $36,916,000 after buying an additional 201,334 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZTO. JPMorgan Chase & Co. cut their price objective on ZTO Express (Cayman) from $37.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. HSBC cut their price objective on ZTO Express (Cayman) from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Bank of America upgraded ZTO Express (Cayman) from a "neutral" rating to a "buy" rating and upped their price target for the stock from $22.00 to $29.00 in a report on Thursday, March 21st. Finally, StockNews.com downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

ZTO Express (Cayman) Stock Up 1.9 %

NYSE ZTO traded up $0.40 during trading hours on Friday, hitting $21.61. 2,927,471 shares of the company were exchanged, compared to its average volume of 4,717,643. The company has a 50 day moving average of $20.47 and a two-hundred day moving average of $20.70. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12. ZTO Express has a 52-week low of $15.90 and a 52-week high of $30.05. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.30 and a beta of -0.04.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. Equities research analysts anticipate that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)'s dividend payout ratio is currently 41.22%.

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.