ZTO Express (Cayman) Inc. (NYSE:ZTO) Holdings Raised by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 275.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,494 shares of the transportation company's stock after acquiring an additional 63,483 shares during the quarter. Fifth Third Bancorp's holdings in ZTO Express (Cayman) were worth $1,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pzena Investment Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 437.9% during the first quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company's stock valued at $123,331,000 after purchasing an additional 4,794,773 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in ZTO Express (Cayman) during the fourth quarter valued at about $77,857,000. Platinum Investment Management Ltd. boosted its holdings in shares of ZTO Express (Cayman) by 22.0% in the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company's stock worth $364,955,000 after buying an additional 3,140,733 shares during the period. UBS Group AG boosted its holdings in shares of ZTO Express (Cayman) by 250.0% in the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company's stock worth $89,177,000 after buying an additional 2,993,195 shares during the period. Finally, Green Court Capital Management Ltd increased its position in shares of ZTO Express (Cayman) by 19.1% in the fourth quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company's stock worth $213,103,000 after acquiring an additional 1,607,986 shares in the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZTO has been the subject of several research analyst reports. Bank of America upped their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a "buy" rating in a research report on Monday, June 17th. Macquarie cut ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 target price for the company. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and an average price target of $28.18.

ZTO Express (Cayman) Stock Down 0.1 %

Shares of ZTO Express (Cayman) stock traded down $0.03 on Thursday, hitting $20.98. 1,654,839 shares of the company traded hands, compared to its average volume of 3,654,281. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. ZTO Express has a 12-month low of $15.90 and a 12-month high of $25.90. The company has a 50-day moving average price of $20.23 and a 200 day moving average price of $20.73. The company has a market cap of $12.73 billion, a PE ratio of 14.77, a PEG ratio of 0.92 and a beta of -0.12.

ZTO Express (Cayman) Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)'s payout ratio is currently 42.96%.

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.