Desjardins Global Asset Management Inc. Sells 1,336 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Desjardins Global Asset Management Inc. decreased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,356 shares of the transportation company’s stock after selling 1,336 shares during the period. Desjardins Global Asset Management Inc.’s holdings in ZTO Express (Cayman) were worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $36,000. Advisor Group Holdings Inc. boosted its position in shares of ZTO Express (Cayman) by 26.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 466 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in ZTO Express (Cayman) by 34.3% during the 3rd quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock worth $86,000 after buying an additional 909 shares during the period. Quantbot Technologies LP acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $132,000. Finally, Blue Trust Inc. raised its stake in ZTO Express (Cayman) by 1,333.1% during the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock worth $106,000 after buying an additional 4,626 shares during the period. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $19.31 on Thursday. The company has a market cap of $11.72 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.73 and a beta of -0.04. ZTO Express has a 52 week low of $15.90 and a 52 week high of $30.05. The business has a 50 day moving average price of $20.06 and a 200-day moving average price of $20.88. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. The firm had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. Equities analysts anticipate that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 10th will be given a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 9th. ZTO Express (Cayman)’s payout ratio is 41.22%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZTO. HSBC dropped their price target on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $29.00 in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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.