Envestnet Asset Management Inc. Sells 78,548 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Envestnet Asset Management Inc. lessened its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 440,598 shares of the transportation company's stock after selling 78,548 shares during the period. Envestnet Asset Management Inc. owned 0.07% of ZTO Express (Cayman) worth $8,614,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Pzena Investment Management LLC grew its holdings in ZTO Express (Cayman) by 11.7% during the 4th quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after buying an additional 820,686 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in shares of ZTO Express (Cayman) by 10.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock valued at $129,364,000 after acquiring an additional 633,604 shares during the last quarter. WFM ASIA BVI Ltd purchased a new position in ZTO Express (Cayman) in the 4th quarter valued at about $11,364,000. Todd Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 36.5% during the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after buying an additional 359,578 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of ZTO Express (Cayman) by 2,787.7% during the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after buying an additional 285,484 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZTO has been the subject of several analyst reports. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. JPMorgan Chase & Co. lowered 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. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Monday, April 14th. Two 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.28.

ZTO Express (Cayman) Stock Up 1.1 %

Shares of ZTO Express (Cayman) stock traded up $0.21 on Thursday, hitting $19.22. 283,651 shares of the company traded hands, compared to its average volume of 2,896,860. The company has a market cap of $11.50 billion, a PE ratio of 13.24, a PEG ratio of 1.03 and a beta of -0.03. The company has a 50-day moving average price of $19.46 and a 200 day moving average price of $20.25. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50.

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 (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. Equities research analysts anticipate that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

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