ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Acquired by Barings LLC

Barings LLC boosted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 100.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 437,816 shares of the transportation company’s stock after acquiring an additional 219,926 shares during the period. Barings LLC owned 0.07% of ZTO Express (Cayman) worth $9,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ZTO. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of ZTO Express (Cayman) by 4.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after purchasing an additional 816 shares during the last quarter. EntryPoint Capital LLC purchased a new position in ZTO Express (Cayman) during the first quarter worth $43,000. First Horizon Advisors Inc. acquired a new position in shares of ZTO Express (Cayman) in the second quarter worth $45,000. U S Global Investors Inc. lifted its position in shares of ZTO Express (Cayman) by 32.8% in the first quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock valued at $185,000 after acquiring an additional 2,179 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of ZTO Express (Cayman) by 4.5% during the first quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock valued at $2,038,000 after acquiring an additional 4,148 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America upped their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price target for the company. in a report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Up 0.8 %

Shares of ZTO opened at $21.95 on Thursday. The firm has a market cap of $13.26 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.01 and a beta of -0.11. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $20.22 and its two-hundred day moving average is $21.08. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $25.90.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.35 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)’s payout ratio is currently 42.96%.

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.