DekaBank Deutsche Girozentrale Sells 11,322 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,559 shares of the transportation company’s stock after selling 11,322 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ZTO Express (Cayman) were worth $3,915,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. U S Global Investors Inc. increased its holdings in ZTO Express (Cayman) by 50.6% during the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock worth $141,000 after buying an additional 2,231 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ZTO Express (Cayman) by 1,333.1% in the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock worth $106,000 after purchasing an additional 4,626 shares during the period. SG Americas Securities LLC lifted its stake in ZTO Express (Cayman) by 674.4% in the fourth quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company’s stock valued at $11,348,000 after purchasing an additional 464,422 shares during the last quarter. Nordea Investment Management AB grew its holdings in ZTO Express (Cayman) by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 1,661,908 shares of the transportation company’s stock valued at $35,432,000 after purchasing an additional 216,367 shares during the period. Finally, DNB Asset Management AS increased its position in ZTO Express (Cayman) by 24.1% in the fourth quarter. DNB Asset Management AS now owns 26,107 shares of the transportation company’s stock worth $556,000 after buying an additional 5,072 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZTO. Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and upped their price target for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. JPMorgan Chase & Co. reduced their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. StockNews.com cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, HSBC reduced their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $20.16 on Friday. The company has a 50 day moving average of $19.87 and a 200 day moving average of $21.04. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12. The stock has a market cap of $12.23 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.77 and a beta of -0.04. ZTO Express has a 12 month low of $15.90 and a 12 month high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. The firm had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. As a group, sell-side analysts forecast that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, April 9th. This represents a yield of 2.82%. ZTO Express (Cayman)’s dividend payout ratio is currently 41.22%.

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.