Handelsbanken Fonder AB Has $4.68 Million Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Handelsbanken Fonder AB cut its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 219,984 shares of the transportation company’s stock after selling 30,551 shares during the quarter. Handelsbanken Fonder AB’s holdings in ZTO Express (Cayman) were worth $4,681,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Blue Trust Inc. raised its position in ZTO Express (Cayman) by 1,333.1% in the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 4,626 shares during the last quarter. U S Global Investors Inc. raised its position in ZTO Express (Cayman) by 50.6% in the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 2,231 shares during the last quarter. Signaturefd LLC raised its position in ZTO Express (Cayman) by 17.4% in the third quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 872 shares during the last quarter. Cigna Investments Inc. New bought a new position in ZTO Express (Cayman) in the third quarter valued at about $206,000. Finally, O Shaughnessy Asset Management LLC bought a new position in ZTO Express (Cayman) in the third quarter valued at about $245,000. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ZTO shares. Bank of America upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their target price for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their price objective on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, HSBC lowered their price objective on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

ZTO Express (Cayman) Trading Up 0.7 %

NYSE ZTO opened at $21.22 on Friday. The business has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $20.75. ZTO Express has a one year low of $15.90 and a one year high of $30.05. The stock has a market capitalization of $12.88 billion, a P/E ratio of 14.34, a P/E/G ratio of 0.79 and a beta of -0.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34.

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

ZTO Express (Cayman) Dividend Announcement

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

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.