Quantbot Technologies LP Sells 83,025 Shares of ZTO Express (Cayman) Inc. $ZTO

Quantbot Technologies LP cut its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 60.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,344 shares of the transportation company’s stock after selling 83,025 shares during the quarter. Quantbot Technologies LP’s holdings in ZTO Express (Cayman) were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Todd Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 0.7% during the 1st quarter. Todd Asset Management LLC now owns 1,354,716 shares of the transportation company’s stock valued at $26,878,000 after purchasing an additional 9,133 shares during the last quarter. XY Capital Ltd increased its position in shares of ZTO Express (Cayman) by 162.4% during the 1st quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock valued at $20,659,000 after purchasing an additional 644,390 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company’s stock valued at $11,464,000 after purchasing an additional 137,202 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $10,802,000. Finally, SG Americas Securities LLC increased its position in shares of ZTO Express (Cayman) by 8.4% during the 1st quarter. SG Americas Securities LLC now owns 320,625 shares of the transportation company’s stock valued at $6,361,000 after purchasing an additional 24,900 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ZTO. Citigroup decreased their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Bank of America lifted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, ZTO Express (Cayman) currently has an average rating of “Buy” and an average price target of $22.36.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $19.08 on Friday. The firm has a market cap of $11.42 billion, a P/E ratio of 12.89, a P/E/G ratio of 12.32 and a beta of -0.18. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The business’s 50 day moving average price is $18.90 and its 200-day moving average price is $18.91.

ZTO Express (Cayman) Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.29 dividend. This represents a dividend yield of 330.0%. The ex-dividend date is Tuesday, September 30th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 45.95%.

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.