ZTO Express (Cayman) Inc. $ZTO Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lowered its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,994,127 shares of the transportation company’s stock after selling 251,598 shares during the quarter. ZTO Express (Cayman) comprises 9.6% of Platinum Investment Management Ltd.’s holdings, making the stock its biggest position. Platinum Investment Management Ltd. owned 0.34% of ZTO Express (Cayman) worth $41,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Todd Asset Management LLC raised its stake in ZTO Express (Cayman) by 6.3% in the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock valued at $27,648,000 after purchasing an additional 85,545 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in ZTO Express (Cayman) by 20.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after buying an additional 181,600 shares during the period. Crossmark Global Holdings Inc. increased its holdings in ZTO Express (Cayman) by 2,573.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after buying an additional 589,817 shares during the period. Quadrant Capital Group LLC increased its holdings in ZTO Express (Cayman) by 245.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 109,272 shares of the transportation company’s stock valued at $2,098,000 after buying an additional 77,640 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in ZTO Express (Cayman) by 4.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after buying an additional 376,179 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $22.83 on Friday. ZTO Express has a 12-month low of $17.03 and a 12-month high of $26.20. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $23.19. The stock has a market cap of $12.87 billion, a PE ratio of 14.01, a P/E/G ratio of 0.88 and a beta of -0.22.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%.The firm had revenue of $2.07 billion for the quarter. As a group, analysts expect that ZTO Express will post 1.89 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were given a $0.39 dividend. This represents a yield of 318.0%. The ex-dividend date was Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is currently 46.63%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.