Mirae Asset Global Investments Co. Ltd. lowered its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,939 shares of the transportation company's stock after selling 223,991 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in ZTO Express (Cayman) were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC purchased a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $704,000. Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock valued at $57,000 after acquiring an additional 1,560 shares during the period. Creative Planning boosted its position in ZTO Express (Cayman) by 17.9% in the third quarter. Creative Planning now owns 34,401 shares of the transportation company's stock worth $852,000 after purchasing an additional 5,231 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of ZTO Express (Cayman) by 1.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 227,006 shares of the transportation company's stock valued at $5,623,000 after purchasing an additional 4,134 shares during the period. Finally, Aurora Investment Counsel purchased a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $2,471,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.
ZTO Express (Cayman) Price Performance
ZTO Express (Cayman) stock traded down $0.63 during mid-day trading on Monday, hitting $22.46. The stock had a trading volume of 2,359,447 shares, compared to its average volume of 3,452,604. 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 firm has a market capitalization of $13.57 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.10 and a beta of -0.09. The firm's 50 day moving average is $23.59 and its 200 day moving average is $22.05.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The firm had revenue of $1.48 billion during the quarter. On average, sell-side analysts forecast that ZTO Express will post 1.66 earnings per share for the current fiscal year.
ZTO Express (Cayman) Dividend Announcement
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th were issued a $0.35 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 10th. ZTO Express (Cayman)'s dividend payout ratio (DPR) is presently 47.55%.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of "Moderate Buy" and an average price target of $27.03.
Get Our Latest Stock Analysis on ZTO Express (Cayman)
ZTO Express (Cayman) Profile
(
Free Report)
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.
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