ZTO Express (Cayman) Inc. $ZTO Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,580,454 shares of the transportation company’s stock after selling 418,953 shares during the period. Pzena Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $158,356,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ZTO. Todd Asset Management LLC grew its stake in ZTO Express (Cayman) by 6.3% during the 3rd quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock worth $27,648,000 after buying an additional 85,545 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in 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 valued at $22,504,000 after buying an additional 181,600 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after buying an additional 589,817 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of ZTO Express (Cayman) by 245.4% in the third quarter. Quadrant Capital Group LLC now owns 109,272 shares of the transportation company’s stock valued at $2,098,000 after acquiring an additional 77,640 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at approximately $25,672,000. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZTO. Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Morgan Stanley restated an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a research report on Wednesday. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $22.84 on Friday. ZTO Express has a one year low of $16.68 and a one year high of $26.20. The company has a market cap of $12.88 billion, a P/E ratio of 14.01, a PEG ratio of 1.17 and a beta of -0.18. The firm has a fifty day moving average of $24.73 and a two-hundred day moving average of $22.82.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.16%. The business had revenue of $2.07 billion for the quarter. As a group, equities analysts predict that ZTO Express will post 1.82 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were issued 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 48.10%.

ZTO Express (Cayman) Profile

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.