SG Americas Securities LLC Decreases Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

SG Americas Securities LLC trimmed its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 94.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,241 shares of the transportation company's stock after selling 180,734 shares during the period. SG Americas Securities LLC's holdings in ZTO Express (Cayman) were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ZTO. Quadrature Capital Ltd purchased a new position in ZTO Express (Cayman) in the 4th quarter worth $341,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of ZTO Express (Cayman) by 50.2% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 40,700 shares of the transportation company's stock worth $852,000 after buying an additional 13,600 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ZTO Express (Cayman) by 72.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,608 shares of the transportation company's stock valued at $3,534,000 after acquiring an additional 69,039 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in ZTO Express (Cayman) during the 1st quarter valued at about $309,000. Finally, BNP Paribas bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $832,000. Institutional investors own 41.65% of the company's stock.

Wall Street Analyst Weigh In

Separately, Macquarie downgraded ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price objective for the company. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of "Moderate Buy" and an average target price of $27.03.

ZTO Express (Cayman) Trading Up 0.7 %

NYSE:ZTO traded up $0.18 during trading hours on Tuesday, hitting $25.17. The company had a trading volume of 1,304,394 shares, compared to its average volume of 3,524,903. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The company has a market capitalization of $15.27 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.18 and a beta of -0.10. The stock has a 50-day moving average price of $22.95 and a 200 day moving average price of $21.80.

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

ZTO Express (Cayman) Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th were paid a $0.35 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Tuesday, September 10th. ZTO Express (Cayman)'s 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.