American Century Companies Inc. Increases Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

American Century Companies Inc. increased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 866,829 shares of the transportation company’s stock after buying an additional 56,032 shares during the period. American Century Companies Inc.’s holdings in ZTO Express (Cayman) were worth $17,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in ZTO Express (Cayman) in the 1st quarter worth approximately $43,000. First Horizon Advisors Inc. purchased a new stake in ZTO Express (Cayman) during the second quarter valued at $45,000. Barometer Capital Management Inc. bought a new position in ZTO Express (Cayman) in the fourth quarter valued at about $126,000. Mendota Financial Group LLC purchased a new position in ZTO Express (Cayman) in the second quarter worth about $167,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of ZTO Express (Cayman) during the 1st quarter valued at about $230,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 3.7 %

ZTO stock opened at $21.85 on Friday. The business’s 50-day moving average price is $20.48 and its 200-day moving average price is $21.20. The stock has a market cap of $13.20 billion, a P/E ratio of 15.39, a PEG ratio of 1.04 and a beta of -0.11. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. ZTO Express has a twelve month low of $15.90 and a twelve month high of $25.12.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. The business had revenue of $1.48 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. On average, equities research analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 10th will be issued a $0.35 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)’s dividend payout ratio is currently 47.89%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Macquarie cut shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective on the stock. in a research note on Wednesday, June 26th. Bank of America increased their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

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.