Victory Capital Management Inc. Has $20.28 Million Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Victory Capital Management Inc. raised its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 952,920 shares of the transportation company’s stock after buying an additional 17,736 shares during the period. Victory Capital Management Inc.’s holdings in ZTO Express (Cayman) were worth $20,278,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ZTO. Bank of New York Mellon Corp boosted its holdings in shares of ZTO Express (Cayman) by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 454,262 shares of the transportation company’s stock worth $10,980,000 after acquiring an additional 2,550 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in ZTO Express (Cayman) by 58.8% in the third quarter. IFM Investors Pty Ltd now owns 28,520 shares of the transportation company’s stock worth $689,000 after purchasing an additional 10,561 shares in the last quarter. Advisor Partners II LLC bought a new stake in shares of ZTO Express (Cayman) during the third quarter worth $344,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of ZTO Express (Cayman) by 9.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,521 shares of the transportation company’s stock valued at $254,000 after buying an additional 872 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of ZTO Express (Cayman) by 85.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,297 shares of the transportation company’s stock valued at $781,000 after buying an additional 14,862 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $21.03 on Friday. The business’s fifty day moving average is $20.84 and its 200-day moving average is $20.55. The company has a market cap of $12.76 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.32 and a beta of -0.05. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO) last issued its 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%. Equities research analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio is currently 41.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. HSBC decreased their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Bank of America upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research report on Thursday, March 21st. Finally, StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.