Trexquant Investment LP Invests $343,000 in ZTO Express (Cayman) Inc. $ZTO

Trexquant Investment LP purchased a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,266 shares of the transportation company’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZTO. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ZTO Express (Cayman) by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company’s stock valued at $242,000 after buying an additional 730 shares during the period. Envestnet Asset Management Inc. grew its stake in ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company’s stock valued at $11,464,000 after purchasing an additional 137,202 shares in the last quarter. Cerity Partners LLC grew its stake in ZTO Express (Cayman) by 30.6% during the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 6,135 shares in the last quarter. UMB Bank n.a. grew its stake in ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 664 shares in the last quarter. Finally, TB Alternative Assets Ltd. bought a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $1,640,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $19.11 on Wednesday. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50. The firm has a 50 day simple moving average of $19.15 and a 200-day simple moving average of $18.80. The stock has a market capitalization of $11.43 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 7.67 and a beta of -0.15.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.29 dividend. This represents a dividend yield of 330.0%. The ex-dividend date of this dividend is Tuesday, September 30th. ZTO Express (Cayman)’s payout ratio is currently 45.95%.

Wall Street Analyst Weigh In

ZTO has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Citigroup cut their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Finally, Bank of America lifted their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $22.36.

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.