Mirae Asset Global Investments Co. Ltd. Lowers Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Mirae Asset Global Investments Co. Ltd. lessened its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 8.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,569 shares of the transportation company’s stock after selling 8,328 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ZTO Express (Cayman) were worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of ZTO Express (Cayman) in the second quarter worth $36,000. Advisor Group Holdings Inc. raised its stake in ZTO Express (Cayman) by 26.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 466 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in ZTO Express (Cayman) by 34.3% during the third quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 909 shares in the last quarter. Quantbot Technologies LP purchased a new stake in ZTO Express (Cayman) during the second quarter valued at $132,000. Finally, Blue Trust Inc. raised its stake in ZTO Express (Cayman) by 1,333.1% during the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 4,626 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Stock Down 0.3 %

NYSE:ZTO opened at $19.94 on Friday. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $30.05. The stock has a market capitalization of $12.10 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.73 and a beta of -0.04. 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 company’s 50-day simple moving average is $20.17 and its 200-day simple moving average is $20.84.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. The business had revenue of $1.50 billion for the quarter. On average, equities analysts anticipate that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

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