E Fund Management Co. Ltd. Buys 7,002 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

E Fund Management Co. Ltd. lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,040 shares of the transportation company’s stock after purchasing an additional 7,002 shares during the quarter. ZTO Express (Cayman) accounts for approximately 0.4% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 29th biggest holding. E Fund Management Co. Ltd. owned 0.06% of ZTO Express (Cayman) worth $7,077,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of ZTO Express (Cayman) by 60.9% in the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock worth $3,471,000 after purchasing an additional 63,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ZTO Express (Cayman) by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock worth $35,594,000 after purchasing an additional 40,449 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of ZTO Express (Cayman) by 1,731.7% in the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock worth $10,173,000 after purchasing an additional 463,496 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of ZTO Express (Cayman) in the second quarter worth $1,921,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of ZTO Express (Cayman) by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock worth $3,389,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

ZTO has been the topic of a number of recent analyst reports. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a report on Monday, June 17th. Macquarie downgraded shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

Shares of ZTO opened at $22.33 on Wednesday. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.04 and a beta of -0.11. ZTO Express has a 1-year low of $15.90 and a 1-year high of $25.13. The company’s fifty day simple moving average is $20.36 and its 200 day simple moving average is $21.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The firm had revenue of $1.48 billion for the quarter. On average, research analysts forecast that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio is currently 47.89%.

ZTO Express (Cayman) 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.