ZTO Express (Cayman) Inc. (NYSE:ZTO) is Platinum Investment Management Ltd.'s Largest Position

Platinum Investment Management Ltd. cut its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,046,482 shares of the transportation company's stock after selling 3,511,050 shares during the quarter. ZTO Express (Cayman) accounts for approximately 13.8% of Platinum Investment Management Ltd.'s holdings, making the stock its biggest holding. Platinum Investment Management Ltd. owned approximately 1.99% of ZTO Express (Cayman) worth $235,509,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $8,723,000. Fisher Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock valued at $4,635,000 after purchasing an additional 98,877 shares during the period. Point72 Asset Management L.P. bought a new position in ZTO Express (Cayman) during the 3rd quarter valued at approximately $12,407,000. Finally, Confluence Investment Management LLC lifted its holdings in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after buying an additional 1,326 shares during the period. Hedge funds and other institutional investors own 41.65% of the company's stock.

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ZTO Express (Cayman) Stock Down 0.4 %

Shares of NYSE ZTO traded down $0.09 during midday trading on Friday, hitting $20.06. The stock had a trading volume of 2,701,613 shares, compared to its average volume of 3,018,351. The business's 50 day moving average is $19.55 and its 200-day moving average is $20.96. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50. The company has a market cap of $12.12 billion, a P/E ratio of 13.83, a PEG ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, analysts expect that ZTO Express will post 1.57 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 10th. ZTO Express (Cayman)'s payout ratio is presently 45.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZTO. HSBC downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Hsbc Global Res cut shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $25.00 to $23.00 in a research report on Thursday. Finally, StockNews.com cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of "Hold" and a consensus price target of $22.78.

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.