Todd Asset Management LLC Boosts Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Todd Asset Management LLC raised its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,697,019 shares of the transportation company’s stock after purchasing an additional 257,021 shares during the period. Todd Asset Management LLC owned 0.29% of ZTO Express (Cayman) worth $35,451,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Pzena Investment Management LLC increased its stake in shares of ZTO Express (Cayman) by 4.9% in the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after purchasing an additional 376,179 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of ZTO Express (Cayman) in the third quarter worth about $25,672,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of ZTO Express (Cayman) by 20.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after purchasing an additional 181,600 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of ZTO Express (Cayman) by 4.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 642,163 shares of the transportation company’s stock worth $13,415,000 after purchasing an additional 29,425 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of ZTO Express (Cayman) by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 581,339 shares of the transportation company’s stock worth $11,161,000 after purchasing an additional 12,703 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $23.01 on Monday. The company has a 50 day moving average of $24.71 and a 200 day moving average of $22.85. The stock has a market cap of $12.97 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.16 and a beta of -0.18. ZTO Express has a 12 month low of $16.73 and a 12 month high of $26.20. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.23%. The company had revenue of $2.07 billion during the quarter. As a group, sell-side analysts forecast that ZTO Express will post 1.82 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were paid a $0.39 dividend. This represents a yield of 318.0%. The ex-dividend date of this dividend was Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is currently 46.63%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ZTO shares. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.03.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.