abrdn plc Sells 26,026 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

abrdn plc trimmed its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,782 shares of the transportation company’s stock after selling 26,026 shares during the quarter. abrdn plc’s holdings in ZTO Express (Cayman) were worth $2,698,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZTO. Blue Trust Inc. raised its position in shares of 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 worth $106,000 after purchasing an additional 4,626 shares during the period. U S Global Investors Inc. raised its position in shares of 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 purchasing an additional 2,231 shares during the period. Signaturefd LLC raised its position in shares of ZTO Express (Cayman) by 17.4% during the third quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock worth $142,000 after purchasing an additional 872 shares during the period. Cigna Investments Inc. New acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth approximately $206,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth approximately $245,000. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZTO shares. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their target price 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. HSBC lowered their price target on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company 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 increased 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 four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ZTO Express (Cayman) Trading Up 1.9 %

NYSE ZTO opened at $21.61 on Monday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 14.60, a PEG ratio of 1.33 and a beta of -0.04. The business has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $20.68. ZTO Express has a 12 month low of $15.90 and a 12 month high of $30.05. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. The firm had revenue of $1.50 billion during the quarter. On average, analysts predict 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. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.61 per share. 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 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.