Swiss National Bank Sells 42,900 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Swiss National Bank cut its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 958,255 shares of the transportation company's stock after selling 42,900 shares during the quarter. Swiss National Bank owned 0.16% of ZTO Express (Cayman) worth $20,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZTO. Nordea Investment Management AB lifted its stake in 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 purchasing an additional 216,367 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ZTO Express (Cayman) by 63.4% during the 3rd quarter. American Century Companies Inc. now owns 683,899 shares of the transportation company's stock valued at $16,530,000 after acquiring an additional 265,356 shares in the last quarter. SG Americas Securities LLC grew its position in ZTO Express (Cayman) by 674.4% during the 4th quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company's stock worth $11,348,000 after acquiring an additional 464,422 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its holdings in ZTO Express (Cayman) by 189.7% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 125,460 shares of the transportation company's stock worth $3,032,000 after purchasing an additional 82,160 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in ZTO Express (Cayman) by 15.2% in the third quarter. Brandes Investment Partners LP now owns 1,527,359 shares of the transportation company's stock valued at $36,916,000 after purchasing an additional 201,334 shares during the last quarter. Institutional investors own 41.65% of the company's stock.

Analyst Ratings Changes

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

ZTO Express (Cayman) Trading Up 3.0 %

Shares of ZTO Express (Cayman) stock traded up $0.60 on Thursday, hitting $21.03. 3,963,818 shares of the company's stock traded hands, compared to its average volume of 4,319,355. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.32 and a beta of -0.05. The company has a fifty day moving average of $20.84 and a two-hundred day moving average of $20.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34. ZTO Express has a one year low of $15.90 and a one year high of $30.05.

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 for the quarter. The company had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. As a group, sell-side analysts expect that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th were paid a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)'s dividend payout ratio is presently 41.22%.

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.