ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 14.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,896 shares of the transportation company’s stock after selling 9,040 shares during the quarter. Profund Advisors LLC’s holdings in ZTO Express (Cayman) were worth $1,118,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its holdings 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 worth $123,331,000 after buying an additional 4,794,773 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth approximately $77,857,000. Platinum Investment Management Ltd. increased its stake in ZTO Express (Cayman) by 22.0% in the 1st 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 raised its holdings in ZTO Express (Cayman) by 119.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after purchasing an additional 1,552,885 shares during the last quarter. Finally, Alpine Investment Management Ltd purchased a new stake in ZTO Express (Cayman) during the fourth quarter worth $28,728,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Down 0.9 %

ZTO opened at $21.65 on Tuesday. The firm has a market cap of $13.14 billion, a P/E ratio of 15.25, a PEG ratio of 1.04 and a beta of -0.11. The business’s fifty day simple moving average is $20.51 and its 200 day simple moving average is $21.22. ZTO Express has a 52 week low of $15.90 and a 52 week high of $25.12. 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 (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $1.48 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. As a group, equities research analysts anticipate that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 10th. This represents a yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 47.89%.

Analysts Set New Price Targets

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

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.