Schwab Charles Investment Management Inc. Has $1.65 Million Position in ZTO Express (Cayman) Inc (ZTO)

Schwab Charles Investment Management Inc. lifted its stake in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 36.6% during the fourth quarter, Holdings Channel reports. The fund owned 104,155 shares of the transportation company’s stock after purchasing an additional 27,894 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ZTO Express (Cayman) were worth $1,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its stake in shares of ZTO Express (Cayman) by 211.0% during the third quarter. Cubist Systematic Strategies LLC now owns 13,400 shares of the transportation company’s stock valued at $188,000 after acquiring an additional 9,091 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $214,000. Bank of New York Mellon Corp acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $223,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $327,000. Finally, BB&T Securities LLC acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $356,000. 28.82% of the stock is currently owned by institutional investors and hedge funds.

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Separately, Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Saturday, February 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.33.

ZTO Express (Cayman) stock opened at $14.76 on Friday. ZTO Express has a 12-month low of $11.91 and a 12-month high of $18.08. The firm has a market capitalization of $7,598.21, a PE ratio of 22.36 and a beta of -0.01.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Thursday, March 8th. The transportation company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $1.43. ZTO Express (Cayman) had a return on equity of 15.52% and a net margin of 24.26%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. analysts expect that ZTO Express will post 0.87 EPS for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 22nd.

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About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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

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