Banco Santander S.A. Takes $467,000 Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Banco Santander S.A. acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,503 shares of the transportation company's stock, valued at approximately $467,000.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ZTO Express (Cayman) by 72.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,608 shares of the transportation company's stock worth $3,534,000 after acquiring an additional 69,039 shares during the period. Green Court Capital Management Ltd lifted 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 buying an additional 1,607,986 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth about $885,000. Alpine Investment Management Ltd purchased a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth about $28,728,000. Finally, Bayesian Capital Management LP lifted its position in shares of ZTO Express (Cayman) by 121.7% in the first quarter. Bayesian Capital Management LP now owns 105,291 shares of the transportation company's stock worth $2,205,000 after buying an additional 57,800 shares in the last quarter. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Trading Up 0.7 %

NYSE:ZTO traded up $0.14 during midday trading on Friday, hitting $21.44. The stock had a trading volume of 7,010,796 shares, compared to its average volume of 3,617,811. ZTO Express has a one year low of $15.90 and a one year high of $25.90. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.96 and a beta of -0.12. The stock has a 50-day moving average of $20.11 and a 200 day moving average of $20.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 10th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 10th. This represents a yield of 4.6%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 47.89%.

Analyst Ratings Changes

A number of brokerages have issued reports on ZTO. Bank of America upped their price objective on 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 on the stock. in a research note on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of "Moderate Buy" and an average price target of $28.18.

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.