Marshall Wace LLP Has $22.85 Million Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Marshall Wace LLP lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 831.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,168,821 shares of the transportation company's stock after purchasing an additional 1,043,359 shares during the quarter. Marshall Wace LLP owned 0.19% of ZTO Express (Cayman) worth $22,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZTO. Blue Trust Inc. boosted its holdings in shares of ZTO Express (Cayman) by 119.8% in 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 during the period. Confluence Investment Management LLC increased its position in ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after buying an additional 1,326 shares in the last quarter. Schechter Investment Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 12.0% during the fourth 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 period. Lester Murray Antman dba SimplyRich boosted its position in ZTO Express (Cayman) by 13.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock valued at $225,000 after buying an additional 1,325 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $232,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Down 0.1 %

Shares of ZTO traded down $0.02 during midday trading on Thursday, reaching $18.99. 3,414,901 shares of the company were exchanged, compared to its average volume of 2,909,219. The stock has a 50-day moving average price of $19.46 and a 200-day moving average price of $20.25. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.03 and a beta of -0.03.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). The business 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%. Equities research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.35 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) 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.