AQR Capital Management LLC Has $1.55 Million Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

AQR Capital Management LLC lessened its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 85.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,813 shares of the transportation company's stock after selling 453,235 shares during the quarter. AQR Capital Management LLC's holdings in ZTO Express (Cayman) were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ZTO. Mirae Asset Global Investments Co. Ltd. increased its holdings in ZTO Express (Cayman) by 72.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,608 shares of the transportation company's stock worth $3,534,000 after purchasing an additional 69,039 shares in the last quarter. Bayesian Capital Management LP increased its holdings in ZTO Express (Cayman) by 121.7% during the 1st quarter. Bayesian Capital Management LP now owns 105,291 shares of the transportation company's stock worth $2,205,000 after purchasing an additional 57,800 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in ZTO Express (Cayman) by 119.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company's stock worth $59,641,000 after purchasing an additional 1,552,885 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in ZTO Express (Cayman) by 25.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 525,329 shares of the transportation company's stock worth $11,007,000 after purchasing an additional 105,100 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in ZTO Express (Cayman) by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company's stock worth $11,822,000 after purchasing an additional 97,600 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Up 1.2 %

Shares of NYSE ZTO traded up $0.30 during mid-day trading on Friday, hitting $25.99. The company had a trading volume of 1,285,721 shares, compared to its average volume of 3,579,704. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $15.70 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.20 and a beta of -0.10. The firm has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $21.57.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The business had revenue of $1.48 billion during the quarter. On average, equities analysts expect that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 10th will be issued 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 payout ratio is currently 47.55%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZTO shares. Macquarie cut ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price objective for the company. in a report on Wednesday, June 26th. Bank of America raised their price objective on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a "buy" rating in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.03.

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.