Vanguard Group Inc. Has $20.20 Million Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Vanguard Group Inc. cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 835,727 shares of the transportation company’s stock after selling 15,661 shares during the quarter. Vanguard Group Inc.’s holdings in ZTO Express (Cayman) were worth $20,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ZTO. E Fund Management Hong Kong Co. Ltd. increased its position in ZTO Express (Cayman) by 136.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock worth $6,470,000 after buying an additional 146,838 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of ZTO Express (Cayman) by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company’s stock valued at $10,387,000 after purchasing an additional 13,333 shares during the last quarter. HAP Trading LLC acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at about $413,000. Sei Investments Co. grew its position in shares of ZTO Express (Cayman) by 753.5% in the first quarter. Sei Investments Co. now owns 69,896 shares of the transportation company’s stock valued at $1,762,000 after purchasing an additional 61,707 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of ZTO Express (Cayman) by 116.2% in the first quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company’s stock valued at $20,990,000 after purchasing an additional 451,200 shares during the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZTO shares. HSBC lowered their price target on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

ZTO Express (Cayman) Stock Down 4.5 %

NYSE ZTO opened at $19.26 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day simple moving average of $19.94 and a 200 day simple moving average of $20.96. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05. The stock has a market cap of $11.69 billion, a PE ratio of 13.01, a PEG ratio of 0.72 and a beta of -0.04.

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%. On average, research analysts forecast that ZTO Express will post 1.69 EPS for the current 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 given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)’s payout ratio is presently 41.22%.

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.