Headlands Technologies LLC Acquires Shares of 23,121 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Headlands Technologies LLC acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,121 shares of the transportation company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZTO. SG Americas Securities LLC grew its holdings in ZTO Express (Cayman) by 34.5% in the 3rd quarter. SG Americas Securities LLC now owns 68,865 shares of the transportation company’s stock valued at $1,664,000 after buying an additional 17,683 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of ZTO Express (Cayman) by 1.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 250,535 shares of the transportation company’s stock worth $6,055,000 after purchasing an additional 4,300 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth $206,000. Bank of New York Mellon Corp grew its holdings in shares of ZTO Express (Cayman) by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 454,262 shares of the transportation company’s stock worth $10,980,000 after purchasing an additional 2,550 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of ZTO Express (Cayman) by 58.8% during the 3rd 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. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock traded up $0.40 on Friday, hitting $21.61. 2,927,471 shares of the company’s stock were exchanged, compared to its average volume of 4,717,643. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34. ZTO Express has a 12 month low of $15.90 and a 12 month high of $30.05. The stock has a market cap of $13.11 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.30 and a beta of -0.04. The company has a 50 day moving average of $20.47 and a 200 day moving average of $20.73.

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

ZTO Express (Cayman) Dividend Announcement

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

Wall Street Analysts Forecast Growth

ZTO has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.00 to $29.00 in a report on Thursday, March 21st. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, HSBC reduced their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average target price of $30.00.

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.