Sara Bay Financial Lowers Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)


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Sara Bay Financial decreased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 96.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,720 shares of the transportation company’s stock after selling 210,887 shares during the period. Sara Bay Financial’s holdings in ZTO Express (Cayman) were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZTO. Bellecapital International Ltd. increased its holdings in shares of ZTO Express (Cayman) by 15.9% in the first quarter. Bellecapital International Ltd. now owns 235,719 shares of the transportation company’s stock worth $6,871,000 after buying an additional 32,383 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of ZTO Express (Cayman) by 6.2% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 114,577 shares of the transportation company’s stock worth $3,340,000 after purchasing an additional 6,737 shares during the last quarter. Huntington National Bank grew its stake in shares of ZTO Express (Cayman) by 55.5% in the first quarter. Huntington National Bank now owns 1,564 shares of the transportation company’s stock worth $46,000 after purchasing an additional 558 shares during the last quarter. Confluence Investment Management LLC grew its stake in shares of ZTO Express (Cayman) by 9.9% in the first quarter. Confluence Investment Management LLC now owns 40,923 shares of the transportation company’s stock worth $1,193,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Dumac Inc. bought a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth about $370,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

Shares of ZTO Express (Cayman) stock opened at $28.96 on Friday. ZTO Express has a 1 year low of $26.44 and a 1 year high of $38.99. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.81 and a beta of 0.33. The company has a 50-day moving average of $30.98 and a 200 day moving average of $30.84.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, March 16th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.23). ZTO Express (Cayman) had a net margin of 24.38% and a return on equity of 13.35%. Equities analysts anticipate that ZTO Express will post 0.93 EPS for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Thursday, April 22nd. Investors of record on Thursday, April 8th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 7th.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $30.00 target price (down from $37.00) on shares of ZTO Express (Cayman) in a research note on Monday, March 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. ZTO Express (Cayman) currently has an average rating of “Hold” and an average price target of $29.33.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2019, it operated a fleet of approximately 6,450 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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