Pzena Investment Management LLC Boosts Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Pzena Investment Management LLC raised its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,960,272 shares of the transportation company's stock after acquiring an additional 70,527 shares during the quarter. Pzena Investment Management LLC owned 0.98% of ZTO Express (Cayman) worth $123,676,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZTO. Victory Capital Management Inc. lifted its holdings in ZTO Express (Cayman) by 1.9% in the fourth quarter. Victory Capital Management Inc. now owns 952,920 shares of the transportation company's stock valued at $20,278,000 after acquiring an additional 17,736 shares during the period. National Bank of Canada FI acquired a new stake in ZTO Express (Cayman) in the fourth quarter valued at $8,839,000. Green Court Capital Management Ltd lifted its holdings in 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 valued at $213,103,000 after acquiring an additional 1,607,986 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of ZTO Express (Cayman) by 9.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 232,008 shares of the transportation company's stock valued at $4,886,000 after buying an additional 19,561 shares in the last quarter. Finally, UBS Group AG increased its position 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 valued at $89,177,000 after buying an additional 2,993,195 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Macquarie cut ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price target for the company. in a research report on Wednesday, June 26th. Bank of America raised their price target 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of "Moderate Buy" and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock traded down $0.46 during midday trading on Wednesday, reaching $21.69. 2,719,908 shares of the company were exchanged, compared to its average volume of 3,615,518. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.00 and a beta of -0.12. The firm's 50-day simple moving average is $20.11 and its 200-day simple moving average is $20.98. ZTO Express has a 1 year low of $15.90 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.26 and a current ratio of 1.26.

ZTO Express (Cayman) Dividend Announcement

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

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.