Dorsey Wright & Associates Buys 6,620 Shares of ZTO Express (Cayman) Inc (NYSE:ZTO)

Dorsey Wright & Associates increased its holdings in ZTO Express (Cayman) Inc (NYSE:ZTO) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,678 shares of the transportation company’s stock after purchasing an additional 6,620 shares during the period. ZTO Express (Cayman) makes up 1.1% of Dorsey Wright & Associates’ investment portfolio, making the stock its 28th biggest holding. Dorsey Wright & Associates’ holdings in ZTO Express (Cayman) were worth $4,455,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ZTO. Comerica Bank raised its stake in shares of ZTO Express (Cayman) by 22.3% in the third quarter. Comerica Bank now owns 33,848 shares of the transportation company’s stock worth $519,000 after purchasing an additional 6,164 shares during the last quarter. JPMorgan Chase & Co. raised its position in ZTO Express (Cayman) by 483.6% during the third quarter. JPMorgan Chase & Co. now owns 735,153 shares of the transportation company’s stock valued at $12,182,000 after acquiring an additional 609,182 shares in the last quarter. Alliancebernstein L.P. purchased a new position in ZTO Express (Cayman) during the third quarter valued at approximately $9,837,000. Bank of New York Mellon Corp raised its position in ZTO Express (Cayman) by 28.7% during the third quarter. Bank of New York Mellon Corp now owns 97,476 shares of the transportation company’s stock valued at $1,615,000 after acquiring an additional 21,732 shares in the last quarter. Finally, BlackRock Inc. raised its position in ZTO Express (Cayman) by 37.5% during the third quarter. BlackRock Inc. now owns 344,411 shares of the transportation company’s stock valued at $5,707,000 after acquiring an additional 93,959 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Several brokerages recently weighed in on ZTO. Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. UBS Group upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.50.

Shares of ZTO stock opened at $19.97 on Friday. The company has a market cap of $10.04 billion, a P/E ratio of 25.94 and a beta of 0.67. ZTO Express has a twelve month low of $14.69 and a twelve month high of $22.67.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Tuesday, March 12th. The transportation company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $818.49 million during the quarter. ZTO Express (Cayman) had a return on equity of 13.32% and a net margin of 24.82%. As a group, equities analysts predict that ZTO Express will post 0.96 EPS for the current year.

The firm also recently disclosed a special dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 29th. This is a boost from ZTO Express (Cayman)’s previous special dividend of $0.20.

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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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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