XY Capital Ltd acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 128,486 shares of the transportation company's stock, valued at approximately $3,183,000. ZTO Express (Cayman) accounts for approximately 1.1% of XY Capital Ltd's investment portfolio, making the stock its 12th largest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ZTO Express (Cayman) by 72.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,608 shares of the transportation company's stock worth $3,534,000 after acquiring an additional 69,039 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of ZTO Express (Cayman) by 121.7% in the first quarter. Bayesian Capital Management LP now owns 105,291 shares of the transportation company's stock valued at $2,205,000 after buying an additional 57,800 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of ZTO Express (Cayman) by 119.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company's stock worth $59,641,000 after buying an additional 1,552,885 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of ZTO Express (Cayman) by 25.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 525,329 shares of the transportation company's stock valued at $11,007,000 after buying an additional 105,100 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in ZTO Express (Cayman) by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company's stock valued at $11,822,000 after acquiring an additional 97,600 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.
ZTO Express (Cayman) Price Performance
Shares of NYSE ZTO traded down $0.82 during midday trading on Friday, hitting $21.95. The stock had a trading volume of 2,045,650 shares, compared to its average volume of 3,424,968. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $22.09. The company has a market capitalization of $13.26 billion, a PE ratio of 15.35, a P/E/G ratio of 1.08 and a beta of -0.09. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The company had revenue of $1.48 billion for the quarter. On average, sell-side analysts expect that ZTO Express will post 1.66 EPS for the current fiscal year.
ZTO Express (Cayman) Dividend Announcement
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a yield of 4.6%. ZTO Express (Cayman)'s dividend payout ratio is presently 47.55%.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.03.
Check Out Our Latest Research Report on ZTO
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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