ZTO Express (Cayman) Inc. $ZTO Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,580,454 shares of the transportation company’s stock after selling 418,953 shares during the period. Pzena Investment Management LLC owned about 1.29% of ZTO Express (Cayman) worth $158,356,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC raised its position in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 769 shares in the last quarter. Assetmark Inc. raised its position in ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 2,244 shares in the last quarter. Signaturefd LLC raised its position in ZTO Express (Cayman) by 22.5% in the 4th quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 494 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in ZTO Express (Cayman) by 156.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. increased their price target on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Finally, Weiss Ratings lowered ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Down 1.6%

ZTO stock opened at $22.84 on Friday. The business has a 50 day moving average price of $24.73 and a 200 day moving average price of $22.82. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.17 and a beta of -0.18. ZTO Express has a fifty-two week low of $16.68 and a fifty-two week high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.16%. The company had revenue of $2.07 billion for the quarter. As a group, sell-side analysts anticipate that ZTO Express will post 1.82 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th were given a $0.39 dividend. This represents a dividend yield of 318.0%. The ex-dividend date of this dividend was Wednesday, April 8th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is 48.10%.

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.