State of New Jersey Common Pension Fund D Sells 186,831 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

State of New Jersey Common Pension Fund D trimmed its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 49.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 187,470 shares of the transportation company’s stock after selling 186,831 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ZTO Express (Cayman) were worth $3,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of ZTO Express (Cayman) by 9.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,521 shares of the transportation company’s stock valued at $254,000 after buying an additional 872 shares during the period. Signaturefd LLC raised its holdings in ZTO Express (Cayman) by 17.4% in the 3rd quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock worth $142,000 after purchasing an additional 872 shares during the period. Public Sector Pension Investment Board raised its holdings in ZTO Express (Cayman) by 1.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 128,897 shares of the transportation company’s stock worth $3,115,000 after purchasing an additional 1,300 shares during the period. U S Global Investors Inc. raised its holdings in ZTO Express (Cayman) by 50.6% in the 4th quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock worth $141,000 after purchasing an additional 2,231 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in ZTO Express (Cayman) by 0.6% in 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 during the period. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Trading Up 1.9 %

ZTO opened at $21.62 on Friday. The firm has a market cap of $13.12 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.30 and a beta of -0.04. ZTO Express has a 12 month low of $15.90 and a 12 month high of $30.05. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $20.47 and a 200 day moving average of $20.73.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. The company 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%. As a group, research analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

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

Analyst Upgrades and Downgrades

ZTO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased 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. HSBC decreased 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. Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $29.00 in a report on Thursday, March 21st. Finally, StockNews.com cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.