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

New York State Common Retirement Fund cut its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,183,644 shares of the transportation company’s stock after selling 210,149 shares during the period. New York State Common Retirement Fund owned about 0.20% of ZTO Express (Cayman) worth $25,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in ZTO Express (Cayman) by 1,333.1% during the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock worth $106,000 after purchasing an additional 4,626 shares during the last quarter. U S Global Investors Inc. lifted its stake in ZTO Express (Cayman) by 50.6% during the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock worth $141,000 after purchasing an additional 2,231 shares during the last quarter. Signaturefd LLC lifted its stake in shares of ZTO Express (Cayman) by 17.4% in the 3rd quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 872 shares during the last quarter. Cigna Investments Inc. New bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at $206,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at $245,000. 41.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Stock Performance

NYSE ZTO opened at $21.62 on Friday. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.30 and a beta of -0.04. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05. The stock has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $20.73. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last posted 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 return on equity of 15.24% and a net margin of 22.70%. Sell-side analysts expect that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

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

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.