State of New Jersey Common Pension Fund D Acquires 277,110 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

State of New Jersey Common Pension Fund D lifted its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 119.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 509,092 shares of the transportation company’s stock after purchasing an additional 277,110 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of ZTO Express (Cayman) worth $10,564,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) during the first quarter worth about $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $45,000. Barometer Capital Management Inc. bought a new position in ZTO Express (Cayman) during the 4th quarter worth approximately $126,000. Mendota Financial Group LLC acquired a new position in ZTO Express (Cayman) during the second quarter valued at approximately $167,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in ZTO Express (Cayman) in the first quarter valued at approximately $230,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 0.1 %

NYSE:ZTO opened at $22.01 on Friday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.03 and a beta of -0.11. The company has a quick ratio of 1.26, a current ratio of 1.26 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 $25.90. The stock’s 50 day moving average price is $20.28 and its two-hundred day moving average price is $21.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. The company had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. Equities research analysts expect 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 a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.35 per share. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)’s payout ratio is 47.89%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZTO. Macquarie lowered shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price target for the company. in a report on Wednesday, June 26th. Bank of America increased their price target on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.03.

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.