Dimensional Fund Advisors LP cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,672,522 shares of the transportation company's stock after selling 20,051 shares during the period. Dimensional Fund Advisors LP owned approximately 0.28% of ZTO Express (Cayman) worth $32,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in ZTO Express (Cayman) by 831.6% in the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after acquiring an additional 1,043,359 shares during the period. Pzena Investment Management LLC raised its holdings in shares of ZTO Express (Cayman) by 11.7% in the 4th 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 in the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its position in shares of 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 buying an additional 633,604 shares during the period. WFM ASIA BVI Ltd acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at $11,364,000. Finally, Todd Asset Management LLC boosted its stake in ZTO Express (Cayman) by 36.5% in the 4th quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock valued at $26,306,000 after buying an additional 359,578 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) has an average rating of "Moderate Buy" and an average target price of $23.28.
View Our Latest Research Report on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
ZTO traded down $0.22 during midday trading on Friday, hitting $18.74. The company had a trading volume of 1,470,149 shares, compared to its average volume of 2,819,317. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The company has a market capitalization of $11.21 billion, a PE ratio of 12.92, a P/E/G ratio of 1.03 and a beta of -0.14. The firm's 50-day simple moving average is $19.20 and its 200-day simple moving average is $19.66.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, sell-side analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.
ZTO Express (Cayman) Dividend Announcement
The company also recently declared a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were issued a $0.35 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio is 45.95%.
About ZTO Express (Cayman)
(
Free Report)
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.
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