Renaissance Technologies LLC Boosts Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Renaissance Technologies LLC boosted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 47.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333,500 shares of the transportation company's stock after purchasing an additional 107,800 shares during the period. Renaissance Technologies LLC owned about 0.06% of ZTO Express (Cayman) worth $6,520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ZTO. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after buying an additional 2,758 shares during the period. Confluence Investment Management LLC boosted its position in shares of ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after purchasing an additional 1,326 shares during the period. Schechter Investment Advisors LLC increased its stake in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock worth $220,000 after purchasing an additional 1,204 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its position in shares of ZTO Express (Cayman) by 13.0% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock valued at $225,000 after purchasing an additional 1,325 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at $232,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of ZTO traded up $0.17 during mid-day trading on Thursday, hitting $19.18. 317,265 shares of the stock were exchanged, compared to its average volume of 2,896,978. The firm has a 50-day moving average of $19.46 and a two-hundred day moving average of $20.25. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50. The company has a market cap of $11.47 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.03 and a beta of -0.03.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 EPS 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 business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $11.73 billion. On average, sell-side analysts predict that ZTO Express will post 1.57 EPS 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. Investors of record on Thursday, April 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is currently 45.95%.

Analysts Set New Price Targets

ZTO has been the subject of a number of recent analyst reports. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Monday, April 14th. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $23.00 in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and a consensus price target of $23.28.

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.