SG Americas Securities LLC Lowers Stock Position in ZTO Express (Cayman) Inc. $ZTO

SG Americas Securities LLC lessened its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,373 shares of the transportation company’s stock after selling 54,342 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of ZTO Express (Cayman) worth $6,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZTO. Royal Bank of Canada grew its position in shares of ZTO Express (Cayman) by 22.9% during the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after acquiring an additional 32,663 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ZTO Express (Cayman) in the 1st quarter worth about $421,000. Advisors Asset Management Inc. raised its holdings in ZTO Express (Cayman) by 11.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,931 shares of the transportation company’s stock worth $230,000 after purchasing an additional 1,353 shares during the period. Quadrant Capital Group LLC boosted its position in ZTO Express (Cayman) by 340.1% during the second quarter. Quadrant Capital Group LLC now owns 31,632 shares of the transportation company’s stock worth $561,000 after purchasing an additional 24,444 shares in the last quarter. Finally, Norges Bank acquired a new stake in ZTO Express (Cayman) in the second quarter valued at approximately $7,446,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

ZTO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Friday. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $25.14 on Wednesday. ZTO Express has a 1 year low of $16.34 and a 1 year high of $26.20. The firm has a market capitalization of $14.17 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.24 and a beta of -0.20. The business has a 50 day simple moving average of $23.82 and a 200-day simple moving average of $21.38.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 18.50% and a return on equity of 14.05%. The business had revenue of $2.07 billion during the quarter. On average, equities research analysts expect that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 8th will be issued a $0.39 dividend. This represents a yield of 305.0%. The ex-dividend date is Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is 36.71%.

ZTO Express (Cayman) Company 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.