Central Asset Investments & Management Holdings HK Ltd Takes $248,000 Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Central Asset Investments & Management Holdings HK Ltd acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the transportation company’s stock, valued at approximately $248,000. ZTO Express (Cayman) comprises 0.2% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of ZTO. EntryPoint Capital LLC purchased a new position in shares of ZTO Express (Cayman) in the first quarter worth $43,000. First Horizon Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter worth approximately $45,000. Van ECK Associates Corp raised its position in shares of ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in shares of ZTO Express (Cayman) in the second quarter worth $167,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. 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) currently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $21.07 on Friday. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $12.73 billion, a P/E ratio of 14.73, a PEG ratio of 0.99 and a beta of -0.09. The business has a 50-day moving average price of $23.64 and a 200 day moving average price of $22.09.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The business had revenue of $1.48 billion for the quarter. As a group, equities research analysts forecast that ZTO Express will post 1.66 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s payout ratio is currently 47.55%.

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.