Hsbc Holdings PLC Acquires 105,280 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Hsbc Holdings PLC lifted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,379,748 shares of the transportation company’s stock after acquiring an additional 105,280 shares during the quarter. Hsbc Holdings PLC owned approximately 0.23% of ZTO Express (Cayman) worth $28,624,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. E Fund Management Co. Ltd. increased its holdings in shares of ZTO Express (Cayman) by 2.1% in the second quarter. E Fund Management Co. Ltd. now owns 341,040 shares of the transportation company’s stock valued at $7,077,000 after purchasing an additional 7,002 shares during the last quarter. Renaissance Technologies LLC grew its stake in ZTO Express (Cayman) by 60.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after buying an additional 63,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in ZTO Express (Cayman) by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after buying an additional 40,449 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 valued at $10,173,000 after acquiring an additional 463,496 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in ZTO Express (Cayman) during the second quarter worth approximately $1,921,000. 41.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ZTO shares. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a research note 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $21.85 on Friday. The stock has a market capitalization of $13.20 billion, a PE ratio of 15.39, a P/E/G ratio of 1.04 and a beta of -0.11. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $25.12. 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 business has a fifty day moving average price of $20.48 and a two-hundred day moving average price of $21.20.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The business had revenue of $1.48 billion during the quarter. As a group, equities analysts predict 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. Investors of record on Tuesday, September 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio (DPR) 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.