Natixis Advisors LLC Makes New $1.33 Million Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Natixis Advisors LLC purchased a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,922 shares of the transportation company’s stock, valued at approximately $1,326,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZTO. Pzena Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 437.9% in the first quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company’s stock worth $123,331,000 after acquiring an additional 4,794,773 shares during the period. Aspex Management HK Ltd bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at $77,857,000. Platinum Investment Management Ltd. boosted its stake in shares of ZTO Express (Cayman) by 22.0% in the 1st 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 last quarter. UBS Group AG increased its position in shares of ZTO Express (Cayman) by 250.0% during the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company’s stock worth $89,177,000 after buying an additional 2,993,195 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in ZTO Express (Cayman) by 119.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after buying an additional 1,552,885 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $21.78 on Wednesday. The firm has a market capitalization of $13.16 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.01 and a beta of -0.11. The firm’s 50-day moving average price is $20.20 and its 200-day moving average price is $21.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. ZTO Express has a 1-year low of $15.90 and a 1-year high of $25.90.

ZTO Express (Cayman) Dividend Announcement

The company 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 dividend of $0.35 per share. 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 (DPR) is currently 42.96%.

Analyst Upgrades and Downgrades

ZTO has been the topic of a number of research analyst reports. Bank of America upped their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research report on Monday, June 17th. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus price target 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.