Platinum Investment Management Ltd. Trims Holdings in ZTO Express (Cayman) Inc. $ZTO

Platinum Investment Management Ltd. reduced its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 11.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,994,127 shares of the transportation company’s stock after selling 251,598 shares during the quarter. ZTO Express (Cayman) accounts for about 9.6% of Platinum Investment Management Ltd.’s holdings, making the stock its biggest position. Platinum Investment Management Ltd.’s holdings in ZTO Express (Cayman) were worth $41,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZTO. Leonteq Securities AG bought a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the last quarter. Assetmark Inc. grew its holdings in shares of ZTO Express (Cayman) by 1,713.0% during the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,244 shares during the last quarter. Signaturefd LLC grew its holdings in shares of ZTO Express (Cayman) by 22.5% during the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after purchasing an additional 494 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of ZTO Express (Cayman) by 156.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $22.83 on Friday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.88 and a beta of -0.22. ZTO Express has a 52-week low of $17.03 and a 52-week high of $26.20. The stock’s 50 day moving average price is $24.11 and its two-hundred day moving average price is $23.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts predict that ZTO Express will post 1.89 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.39 per share. This represents a dividend yield of 318.0%. The ex-dividend date was Wednesday, April 8th. ZTO Express (Cayman)’s dividend payout ratio is presently 46.63%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Morgan Stanley reiterated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Company 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.