Swiss National Bank Trims Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Swiss National Bank decreased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 958,255 shares of the transportation company’s stock after selling 42,900 shares during the quarter. Swiss National Bank owned 0.16% of ZTO Express (Cayman) worth $20,392,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ZTO. Bank of New York Mellon Corp raised its stake in shares of ZTO Express (Cayman) by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 454,262 shares of the transportation company’s stock valued at $10,980,000 after acquiring an additional 2,550 shares during the period. IFM Investors Pty Ltd lifted its stake in ZTO Express (Cayman) by 58.8% during the third quarter. IFM Investors Pty Ltd now owns 28,520 shares of the transportation company’s stock worth $689,000 after purchasing an additional 10,561 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of ZTO Express (Cayman) during the third quarter worth $344,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of ZTO Express (Cayman) by 9.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,521 shares of the transportation company’s stock valued at $254,000 after buying an additional 872 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of ZTO Express (Cayman) by 85.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,297 shares of the transportation company’s stock valued at $781,000 after buying an additional 14,862 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ZTO shares. JPMorgan Chase & Co. cut their target price on shares of 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. Bank of America upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.00 to $29.00 in a research note on Thursday, March 21st. HSBC lowered their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, StockNews.com cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $20.42 on Thursday. The stock’s 50-day simple moving average is $20.78 and its 200-day simple moving average is $20.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $12.39 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.32 and a beta of -0.05. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $30.05.

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

ZTO Express (Cayman) Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 41.22%.

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.