Oppenheimer Asset Management Inc. Takes $1.92 Million Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Oppenheimer Asset Management Inc. acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 92,575 shares of the transportation company’s stock, valued at approximately $1,921,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG increased its position in ZTO Express (Cayman) by 250.0% in the 4th quarter. UBS Group AG now owns 4,190,658 shares of the transportation company’s stock valued at $89,177,000 after acquiring an additional 2,993,195 shares during the period. Trexquant Investment LP bought a new position in ZTO Express (Cayman) during the 4th quarter worth $2,663,000. Aigen Investment Management LP bought a new position in ZTO Express (Cayman) during the 4th quarter worth $668,000. Dai ichi Life Insurance Company Ltd lifted its holdings in ZTO Express (Cayman) by 36.0% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 21,700 shares of the transportation company’s stock worth $462,000 after buying an additional 5,741 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of ZTO Express (Cayman) by 3.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,094,972 shares of the transportation company’s stock valued at $23,301,000 after buying an additional 34,203 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

ZTO has been the subject of a number of analyst reports. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective for the company. in a research report on Wednesday, June 26th. Bank of America raised their price target on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Trading Up 0.9 %

NYSE ZTO opened at $22.33 on Wednesday. The stock has a market capitalization of $13.55 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.03 and a beta of -0.11. The business has a 50 day simple moving average of $20.36 and a 200 day simple moving average of $21.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. ZTO Express has a one year low of $15.90 and a one year high of $25.13.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share 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%. Research analysts expect that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio is currently 47.89%.

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.