Sei Investments Co. Has $770,000 Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Sei Investments Co. lifted its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 19.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,113 shares of the transportation company’s stock after purchasing an additional 6,075 shares during the quarter. Sei Investments Co.’s holdings in ZTO Express (Cayman) were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its position in ZTO Express (Cayman) by 437.9% during the first quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company’s stock valued at $123,331,000 after buying an additional 4,794,773 shares during the period. Platinum Investment Management Ltd. grew its position in ZTO Express (Cayman) by 22.0% during the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock valued at $364,955,000 after purchasing an additional 3,140,733 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in ZTO Express (Cayman) by 119.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock valued at $59,641,000 after buying an additional 1,552,885 shares during the period. Envestnet Asset Management Inc. lifted its position in ZTO Express (Cayman) by 1,731.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock worth $10,173,000 after buying an additional 463,496 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of ZTO Express (Cayman) by 81.7% during the first quarter. National Bank of Canada FI now owns 775,700 shares of the transportation company’s stock worth $16,173,000 after acquiring an additional 348,700 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America upped their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research report on Monday, June 17th. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective on the stock. in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Trading Down 2.9 %

ZTO Express (Cayman) stock opened at $26.01 on Wednesday. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The company’s fifty day moving average price is $21.60 and its two-hundred day moving average price is $21.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.26 and a beta of -0.10.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The firm had revenue of $1.48 billion during the quarter. On average, analysts forecast that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently announced 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 dividend payout ratio is 47.89%.

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.