New York State Common Retirement Fund Sells 210,149 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

New York State Common Retirement Fund decreased its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,183,644 shares of the transportation company’s stock after selling 210,149 shares during the quarter. New York State Common Retirement Fund’s holdings in ZTO Express (Cayman) were worth $25,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of ZTO Express (Cayman) by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 1,661,908 shares of the transportation company’s stock worth $35,432,000 after acquiring an additional 216,367 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ZTO Express (Cayman) by 63.4% in the 3rd quarter. American Century Companies Inc. now owns 683,899 shares of the transportation company’s stock worth $16,530,000 after acquiring an additional 265,356 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of ZTO Express (Cayman) by 674.4% in the 4th quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company’s stock worth $11,348,000 after acquiring an additional 464,422 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of ZTO Express (Cayman) by 189.7% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 125,460 shares of the transportation company’s stock worth $3,032,000 after acquiring an additional 82,160 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of ZTO Express (Cayman) by 15.2% in the 3rd quarter. Brandes Investment Partners LP now owns 1,527,359 shares of the transportation company’s stock worth $36,916,000 after acquiring an additional 201,334 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.9 %

NYSE:ZTO opened at $21.62 on Friday. The firm has a market cap of $13.12 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.30 and a beta of -0.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $30.05. The firm has a 50-day simple moving average of $20.47 and a two-hundred day simple moving average of $20.73.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. The business had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. Analysts predict that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 9th. ZTO Express (Cayman)’s payout ratio is presently 41.22%.

Analyst Ratings Changes

ZTO has been the subject of several research reports. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Bank of America upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.00 to $29.00 in a research note on Thursday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Finally, HSBC reduced their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

ZTO Express (Cayman) Company 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.