Van ECK Associates Corp Increases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Van ECK Associates Corp lifted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 60.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,825 shares of the transportation company’s stock after buying an additional 690 shares during the period. Van ECK Associates Corp’s holdings in ZTO Express (Cayman) were worth $46,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ZTO. EntryPoint Capital LLC purchased a new position in shares of ZTO Express (Cayman) during the first quarter valued at about $43,000. First Horizon Advisors Inc. purchased a new position in shares of ZTO Express (Cayman) during the second quarter valued at about $45,000. Blue Trust Inc. increased its position in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares during the period. Mendota Financial Group LLC purchased a new position in shares of ZTO Express (Cayman) during the second quarter valued at about $167,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in ZTO Express (Cayman) during the first quarter worth about $230,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Trading Down 0.1 %

NYSE:ZTO opened at $20.80 on Thursday. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The company’s 50-day simple moving average is $23.68 and its 200 day simple moving average is $22.11. The firm has a market capitalization of $12.57 billion, a P/E ratio of 14.55, a PEG ratio of 0.99 and a beta of -0.09.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts forecast that ZTO Express will post 1.66 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th were paid a $0.35 dividend. The ex-dividend date was Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio is presently 47.55%.

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.