Rhumbline Advisers Sells 12,736 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Rhumbline Advisers cut its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,080 shares of the transportation company’s stock after selling 12,736 shares during the quarter. Rhumbline Advisers’ holdings in ZTO Express (Cayman) were worth $1,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Natixis Advisors LLC bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $1,326,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in ZTO Express (Cayman) by 4.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after acquiring an additional 816 shares during the period. Banco Santander S.A. bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $467,000. Bank of New York Mellon Corp raised its holdings in ZTO Express (Cayman) by 28.0% during the second quarter. Bank of New York Mellon Corp now owns 441,739 shares of the transportation company’s stock valued at $9,166,000 after acquiring an additional 96,602 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of ZTO Express (Cayman) by 275.9% in the second quarter. Fifth Third Bancorp now owns 86,494 shares of the transportation company’s stock worth $1,795,000 after purchasing an additional 63,483 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZTO. Macquarie cut ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a report on Wednesday, June 26th. Bank of America lifted their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Down 3.7 %

ZTO opened at $21.85 on Friday. The firm has a market cap of $13.20 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.04 and a beta of -0.11. ZTO Express has a 12 month low of $15.90 and a 12 month high of $25.12. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $20.48 and a 200 day moving average of $21.20.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results 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 return on equity of 15.51% and a net margin of 21.22%. As a group, research analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm 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. 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 (DPR) is presently 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.