Bank of Montreal Can Sells 34,947 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Bank of Montreal Can trimmed its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,572 shares of the transportation company's stock after selling 34,947 shares during the period. Bank of Montreal Can's holdings in ZTO Express (Cayman) were worth $1,634,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in ZTO Express (Cayman) by 11.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock worth $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% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock worth $129,364,000 after purchasing an additional 633,604 shares during the last quarter. Brandes Investment Partners LP grew its position 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 increased its position in ZTO Express (Cayman) by 36.5% in the 4th quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock valued at $26,306,000 after acquiring an additional 359,578 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in ZTO Express (Cayman) by 75.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 619,134 shares of the transportation company's stock valued at $12,104,000 after buying an additional 266,981 shares during the period. 41.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ZTO shares. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Finally, 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and a consensus target price of $23.28.

ZTO Express (Cayman) Trading Up 0.6 %

Shares of NYSE:ZTO traded up $0.11 on Wednesday, hitting $19.19. The company had a trading volume of 716,283 shares, compared to its average volume of 2,722,631. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.03 and a beta of -0.03. The stock has a 50 day moving average price of $19.48 and a 200 day moving average price of $20.26.

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

ZTO Express (Cayman) Announces Dividend

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

About ZTO Express (Cayman)

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.