UMB Bank n.a. Purchases 664 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

UMB Bank n.a. boosted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 106.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,288 shares of the transportation company’s stock after acquiring an additional 664 shares during the quarter. UMB Bank n.a.’s holdings in ZTO Express (Cayman) were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in 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 acquiring an additional 820,686 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its stake in ZTO Express (Cayman) by 10.6% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock valued at $129,364,000 after acquiring an additional 633,604 shares during the last quarter. Brandes Investment Partners LP increased its stake in ZTO Express (Cayman) by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company’s stock valued at $46,829,000 after acquiring an additional 24,903 shares during the last quarter. Todd Asset Management LLC increased its stake in 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 valued at $26,306,000 after acquiring an additional 359,578 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in ZTO Express (Cayman) by 831.6% in the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company’s stock valued at $22,850,000 after acquiring an additional 1,043,359 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ZTO. Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. HSBC raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday, April 14th. Bank of America cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Hsbc Global Res raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Citigroup cut their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.16.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO opened at $17.45 on Monday. The firm has a market cap of $10.44 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.03 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The firm’s fifty day moving average is $18.14 and its 200-day moving average is $18.96.

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

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)’s payout ratio is 43.04%.

ZTO Express (Cayman) 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.