Profund Advisors LLC Reduces Holdings in ZTO Express (Cayman) Inc. $ZTO

Profund Advisors LLC lowered its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.7% in the second quarter, Holdings Channel reports. The institutional investor owned 51,090 shares of the transportation company’s stock after selling 3,666 shares during the quarter. Profund Advisors LLC’s holdings in ZTO Express (Cayman) were worth $907,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ZTO. Deutsche Bank AG increased its stake in ZTO Express (Cayman) by 100.9% during the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company’s stock worth $405,000 after acquiring an additional 2,398,757 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in ZTO Express (Cayman) in the first quarter valued at about $13,950,000. XY Capital Ltd raised its position in ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock valued at $20,659,000 after purchasing an additional 644,390 shares during the period. Woodline Partners LP purchased a new position in ZTO Express (Cayman) during the 1st quarter valued at about $6,765,000. Finally, Hhlr Advisors LTD. increased its stake in ZTO Express (Cayman) by 54.0% during the 1st quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company’s stock worth $13,320,000 after buying an additional 235,460 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZTO. Bank of America lifted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Wednesday, October 8th. Finally, Zacks Research upgraded ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Trading Up 1.1%

Shares of ZTO opened at $19.12 on Wednesday. The stock’s fifty day simple moving average is $18.96 and its 200 day simple moving average is $18.68. The firm has a market capitalization of $11.44 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 7.39 and a beta of -0.20. ZTO Express has a twelve month low of $16.34 and a twelve month high of $22.01.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.29 dividend. The ex-dividend date was Tuesday, September 30th. This represents a yield of 312.0%. ZTO Express (Cayman)’s payout ratio is currently 39.19%.

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.