Swiss National Bank Cuts Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Swiss National Bank reduced its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 958,255 shares of the transportation company’s stock after selling 42,900 shares during the quarter. Swiss National Bank’s holdings in ZTO Express (Cayman) were worth $20,392,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of ZTO Express (Cayman) by 2,862.2% during the 3rd quarter. FMR LLC now owns 7,435,471 shares of the transportation company’s stock valued at $179,715,000 after acquiring an additional 7,184,463 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of ZTO Express (Cayman) by 68.4% in the third quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock worth $199,655,000 after buying an additional 3,353,753 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at about $25,639,000. SG Americas Securities LLC raised its holdings in shares of ZTO Express (Cayman) by 674.4% during the 4th quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company’s stock valued at $11,348,000 after buying an additional 464,422 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in ZTO Express (Cayman) by 18.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,378,480 shares of the transportation company’s stock worth $57,488,000 after acquiring an additional 368,600 shares in the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $20.42 on Thursday. The firm has a market cap of $12.39 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.32 and a beta of -0.05. The firm has a fifty day moving average of $20.78 and a two-hundred day moving average of $20.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34. ZTO Express has a 1-year low of $15.90 and a 1-year high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share 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. As a group, research 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 disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 10th were paid a dividend of $0.61 per share. This represents a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 41.22%.

Analysts Set New Price Targets

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

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.