Envestnet Asset Management Inc. Sells 78,548 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Envestnet Asset Management Inc. cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,598 shares of the transportation company’s stock after selling 78,548 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of ZTO Express (Cayman) worth $8,614,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC increased its stake in ZTO Express (Cayman) by 11.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company’s stock valued at $153,669,000 after purchasing an additional 820,686 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in ZTO Express (Cayman) by 10.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock worth $129,364,000 after acquiring an additional 633,604 shares in the last quarter. WFM ASIA BVI Ltd acquired a new position in ZTO Express (Cayman) in the fourth quarter valued at about $11,364,000. Todd Asset Management LLC increased its holdings in shares of ZTO Express (Cayman) by 36.5% in the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company’s stock worth $26,306,000 after acquiring an additional 359,578 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ZTO Express (Cayman) by 2,787.7% during the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company’s stock worth $5,781,000 after purchasing an additional 285,484 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $18.82 on Friday. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.03 and a beta of -0.03. The firm has a 50-day moving average of $19.52 and a 200-day moving average of $20.37. ZTO Express has a one year low of $16.34 and a one year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, sell-side analysts expect that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 10th. ZTO Express (Cayman)’s dividend payout ratio is 45.95%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZTO. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, HSBC raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.28.

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.