DekaBank Deutsche Girozentrale Sells 571 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

DekaBank Deutsche Girozentrale cut its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,421 shares of the transportation company’s stock after selling 571 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ZTO Express (Cayman) were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZTO. Pzena Investment Management LLC increased its position 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 valued at $123,331,000 after acquiring an additional 4,794,773 shares during the last quarter. Platinum Investment Management Ltd. increased 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 acquiring an additional 3,140,733 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of ZTO Express (Cayman) by 119.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock valued at $59,641,000 after acquiring an additional 1,552,885 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of ZTO Express (Cayman) by 1,731.7% in the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after acquiring an additional 463,496 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of ZTO Express (Cayman) by 81.7% in the first quarter. National Bank of Canada FI now owns 775,700 shares of the transportation company’s stock valued at $16,173,000 after acquiring an additional 348,700 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $23.10 on Friday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The stock’s 50 day moving average is $23.50 and its 200-day moving average is $21.97. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.13 and a beta of -0.10.

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

ZTO Express (Cayman) Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday. They set an “overweight” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

About ZTO Express (Cayman)

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.