Todd Asset Management LLC Grows Holdings in ZTO Express (Cayman) Inc. $ZTO

Todd Asset Management LLC grew its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 17.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,697,019 shares of the transportation company’s stock after buying an additional 257,021 shares during the quarter. Todd Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $35,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capitolis Liquid Global Markets LLC bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $25,672,000. Crossmark Global Holdings Inc. raised its position 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 worth $11,765,000 after purchasing an additional 589,817 shares during the period. Pzena Investment Management LLC raised its position 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 worth $153,589,000 after purchasing an additional 376,179 shares during the period. Teachers Retirement System of The State of Kentucky raised its position 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 worth $22,504,000 after purchasing an additional 181,600 shares during the period. Finally, Marshall Wace LLP raised its holdings in ZTO Express (Cayman) by 29.3% during the 2nd quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock valued at $8,316,000 after buying an additional 106,180 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Up 0.1%

NYSE:ZTO opened at $23.01 on Monday. The company has a fifty day moving average of $24.71 and a 200 day moving average of $22.85. ZTO Express has a 52 week low of $16.73 and a 52 week high of $26.20. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12.97 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.16 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.23%. The business had revenue of $2.07 billion during the quarter. On average, research analysts predict that ZTO Express will post 1.82 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently 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. Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Morgan Stanley reiterated an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, JPMorgan Chase & Co. upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.