Polymer Capital Management HK LTD Purchases Shares of 99,656 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Polymer Capital Management HK LTD acquired a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 99,656 shares of the transportation company’s stock, valued at approximately $1,948,000.

Several other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) in the third quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ZTO Express (Cayman) in the 3rd quarter valued at $46,000. Blue Trust Inc. increased its stake in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Confluence Investment Management LLC raised its holdings in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 shares during the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock valued at $220,000 after buying an additional 1,204 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZTO. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Hold” and a consensus price target of $22.78.

ZTO Express (Cayman) Trading Down 5.0 %

ZTO stock opened at $18.15 on Friday. ZTO Express has a 1-year low of $17.81 and a 1-year high of $27.50. The stock has a market cap of $10.86 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.03 and a beta of -0.03. The stock’s fifty day simple moving average is $19.73 and its two-hundred day simple moving average is $20.80.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Thursday, April 10th will be issued a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 45.95%.

ZTO Express (Cayman) Company 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.