Polymer Capital Management HK LTD Invests $1.95 Million in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Polymer Capital Management HK LTD acquired a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 99,656 shares of the transportation company's stock, valued at approximately $1,948,000.

Other institutional investors have also recently bought and sold shares of the company. WFM ASIA BVI Ltd acquired a new position in ZTO Express (Cayman) in the fourth quarter valued at about $11,364,000. Financial Counselors Inc. grew its position in shares of ZTO Express (Cayman) by 35.3% in the 4th quarter. Financial Counselors Inc. now owns 14,509 shares of the transportation company's stock valued at $284,000 after purchasing an additional 3,783 shares during the period. LPL Financial LLC bought a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $232,000. Fox Run Management L.L.C. raised its holdings in ZTO Express (Cayman) by 7.5% during the 4th quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after buying an additional 980 shares during the period. Finally, Quantbot Technologies LP lifted its stake in ZTO Express (Cayman) by 414.7% in the fourth quarter. Quantbot Technologies LP now owns 138,369 shares of the transportation company's stock valued at $2,705,000 after buying an additional 111,487 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

ZTO has been the topic of a number of research reports. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their price target for the company from $25.00 to $23.00 in a report on Thursday, March 20th. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.78.

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ZTO Express (Cayman) Stock Up 1.6 %

Shares of ZTO Express (Cayman) stock traded up $0.29 during trading on Friday, reaching $17.95. The company's stock had a trading volume of 1,931,769 shares, compared to its average volume of 3,014,052. The firm has a market cap of $10.74 billion, a PE ratio of 12.35, a P/E/G ratio of 1.03 and a beta of -0.03. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The business's 50-day moving average price is $19.56 and its 200-day moving average price is $20.61.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. Equities analysts predict that ZTO Express will post 1.57 earnings per share for the current 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 paid a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s payout ratio is currently 45.95%.

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.