XTX Topco Ltd Makes New Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

XTX Topco Ltd acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 39,734 shares of the transportation company’s stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Platinum Investment Management Ltd. grew its position in shares of ZTO Express (Cayman) by 22.0% in the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock valued at $364,955,000 after purchasing an additional 3,140,733 shares during the period. Capital Research Global Investors grew its position in shares of ZTO Express (Cayman) by 2.5% in the first quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock valued at $168,327,000 after purchasing an additional 199,464 shares during the period. Pzena Investment Management LLC grew its position in shares of ZTO Express (Cayman) by 1.2% in the second quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company’s stock valued at $123,676,000 after purchasing an additional 70,527 shares during the period. Tiger Pacific Capital LP boosted its holdings in ZTO Express (Cayman) by 9.2% in the fourth quarter. Tiger Pacific Capital LP now owns 5,091,396 shares of the transportation company’s stock valued at $108,345,000 after acquiring an additional 428,235 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in ZTO Express (Cayman) in the fourth quarter valued at $77,857,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Down 3.7 %

Shares of ZTO opened at $21.85 on Monday. The stock’s 50-day moving average is $20.48 and its two-hundred day moving average is $21.21. The stock has a market cap of $13.26 billion, a PE ratio of 15.39, a P/E/G ratio of 1.04 and a beta of -0.11. ZTO Express has a 12 month low of $15.90 and a 12 month high of $25.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26.

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

ZTO Express (Cayman) Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZTO. Macquarie cut ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a report on Wednesday, June 26th. Bank of America lifted their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Company 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.