Icon Advisers Inc. Co. raised its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 53.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 345,000 shares of the transportation company's stock after buying an additional 120,000 shares during the period. ZTO Express (Cayman) comprises about 1.5% of Icon Advisers Inc. Co.'s portfolio, making the stock its 7th biggest position. Icon Advisers Inc. Co. owned 0.06% of ZTO Express (Cayman) worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in ZTO Express (Cayman) by 8.5% during the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company's stock worth $915,000 after acquiring an additional 2,888 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in ZTO Express (Cayman) during the 3rd quarter valued at $4,721,000. Confluence Investment Management LLC grew its stake in shares of ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after acquiring an additional 1,326 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of ZTO Express (Cayman) by 2,787.7% in the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after purchasing an additional 285,484 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Monday. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.28.
Check Out Our Latest Analysis on ZTO
ZTO Express (Cayman) Price Performance
Shares of ZTO traded up $0.06 during trading hours on Friday, hitting $18.82. The company's stock had a trading volume of 1,035,245 shares, compared to its average volume of 2,974,467. The business has a 50 day simple moving average of $19.52 and a two-hundred day simple moving average of $20.46. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.03 and a beta of -0.03. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. Research analysts predict that ZTO Express will post 1.57 earnings per share for the current year.
ZTO Express (Cayman) Announces Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date is Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 45.95%.
ZTO Express (Cayman) Profile
(
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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