OPTIMAS CAPITAL Ltd acquired a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 191,700 shares of the transportation company’s stock, valued at approximately $4,005,000. ZTO Express (Cayman) makes up 4.4% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 7th largest position.
Several other large investors also recently bought and sold shares of the company. Dumac Inc. purchased a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $2,022,000. BNP Paribas Financial Markets increased its stake in ZTO Express (Cayman) by 30.1% during the 4th quarter. BNP Paribas Financial Markets now owns 768,626 shares of the transportation company’s stock worth $16,057,000 after buying an additional 177,866 shares in the last quarter. Hantz Financial Services Inc. increased its stake in ZTO Express (Cayman) by 73.0% during the 4th quarter. Hantz Financial Services Inc. now owns 21,014 shares of the transportation company’s stock worth $439,000 after buying an additional 8,870 shares in the last quarter. Todd Asset Management LLC increased its stake in ZTO Express (Cayman) by 17.8% during the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock worth $35,451,000 after buying an additional 257,021 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $266,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on ZTO. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.03.
ZTO Express (Cayman) Trading Down 0.5%
Shares of ZTO Express (Cayman) stock opened at $22.53 on Friday. The stock has a market cap of $12.70 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.89 and a beta of -0.22. The stock’s 50 day simple moving average is $24.36 and its 200-day simple moving average is $23.08. ZTO Express has a 1-year low of $16.94 and a 1-year high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.
ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last issued its earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share for the quarter. The business had revenue of $2.07 billion for the quarter. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%. Analysts predict that ZTO Express will post 1.89 EPS for the current fiscal year.
ZTO Express (Cayman) Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th were issued a $0.39 dividend. The ex-dividend date was Wednesday, April 8th. This represents a yield of 318.0%. ZTO Express (Cayman)’s dividend payout ratio is currently 46.63%.
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.
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