Invesco Ltd. lowered its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,177,765 shares of the transportation company's stock after selling 2,482,766 shares during the quarter. Invesco Ltd. owned about 1.52% of ZTO Express (Cayman) worth $179,425,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in ZTO Express (Cayman) by 112.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock worth $4,635,000 after purchasing an additional 98,877 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. ABC Arbitrage SA acquired a new stake in ZTO Express (Cayman) during the fourth quarter valued at approximately $316,000. SG Americas Securities LLC grew its stake in shares of ZTO Express (Cayman) by 2,787.7% in the 4th 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 period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $4,721,000. Institutional investors own 41.65% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on ZTO. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday. JPMorgan Chase & Co. lowered shares of 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 raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target for the company in a report on Monday. Finally, StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Two 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's stock. According to MarketBeat.com, ZTO Express (Cayman) currently has an average rating of "Moderate Buy" and a consensus price target of $23.28.
Read Our Latest Research Report on ZTO
ZTO Express (Cayman) Price Performance
Shares of NYSE:ZTO traded down $0.12 during midday trading on Tuesday, reaching $18.79. The company's stock had a trading volume of 1,306,603 shares, compared to its average volume of 3,013,606. The business's fifty day simple moving average is $19.55 and its 200-day simple moving average is $20.51. The company has a market capitalization of $11.24 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.03 and a beta of -0.03. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. On average, analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.
ZTO Express (Cayman) Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend is 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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