XTX Topco 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 Form 13F filing with the SEC. The fund acquired 24,526 shares of the transportation company's stock, valued at approximately $479,000.
Other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 11.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after acquiring an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in shares of ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock valued at $129,364,000 after purchasing an additional 633,604 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of ZTO Express (Cayman) by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company's stock worth $46,829,000 after acquiring an additional 24,903 shares during the last quarter. Todd Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 36.5% during the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after buying an additional 359,578 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of ZTO Express (Cayman) by 75.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 619,134 shares of the transportation company's stock valued at $12,104,000 after purchasing an additional 266,981 shares during the period. 41.65% of the stock is currently owned by institutional investors.
ZTO Express (Cayman) Stock Performance
NYSE ZTO traded down $0.08 on Friday, reaching $18.93. The company's stock had a trading volume of 663,540 shares, compared to its average volume of 2,720,010. The stock has a market cap of $11.32 billion, a PE ratio of 13.05, a PEG ratio of 1.03 and a beta of -0.03. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The firm's 50 day moving average is $19.44 and its two-hundred day moving average is $20.20.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings results 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 return on equity of 15.44% and a net margin of 20.56%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. Equities research analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.
ZTO Express (Cayman) Dividend Announcement
The firm also recently disclosed 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 45.95%.
Wall Street Analysts Forecast Growth
ZTO has been the topic of a number of analyst reports. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $23.00 in a report on Thursday, March 20th. Finally, StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.28.
View Our Latest Report 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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