ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 79.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,389 shares of the transportation company's stock after selling 40,894 shares during the period. Tower Research Capital LLC TRC's holdings in ZTO Express (Cayman) were worth $203,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its holdings in ZTO Express (Cayman) by 1.4% in the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock worth $1,270,000 after buying an additional 918 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in ZTO Express (Cayman) by 7.5% in the 4th quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after buying an additional 980 shares during the last quarter. Cerity Partners LLC boosted its holdings in ZTO Express (Cayman) by 5.9% in the 4th quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock worth $392,000 after buying an additional 1,122 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in ZTO Express (Cayman) by 12.0% in the 4th quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock worth $220,000 after buying an additional 1,204 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in ZTO Express (Cayman) by 3.1% in the 4th quarter. Banco Santander S.A. now owns 41,840 shares of the transportation company's stock worth $818,000 after buying an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $23.00 in a report on Thursday, March 20th. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.28.

ZTO Express (Cayman) Trading Down 1.2%

Shares of ZTO stock traded down $0.22 on Friday, reaching $18.74. 1,470,149 shares of the stock were exchanged, compared to its average volume of 2,819,317. The business's 50 day moving average price is $19.20 and its 200 day moving average price is $19.63. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.03 and a beta of -0.14. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50.

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

ZTO Express (Cayman) Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 29th. Shareholders 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 presently 45.95%.

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.