Capstone Investment Advisors LLC Sells 178,678 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Financial Advisors


Capstone Investment Advisors LLC reduced its stake in ZTO Express (Cayman) Inc. (NYSE: ZTO – Get Rating) by 69.6% in the fourth quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. (SEC). The company held 78,100 shares in the shipping company after selling 178,678 shares during the same period. Capstone Investment Advisors LLC’s holdings in ZTO Express (Cayman) were valued at $2,099,000 as of the latest filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently changed their stakes in the company. Ronald Blue Trust Inc. increased his position in ZTO Express (Cayman) shares by 420.1% in the fourth quarter. Ronald Blue Trust acquired an additional 941 shares during the period and now owns 1,165 shares in the shipping company, valued at $28,000. Captrust Financial Advisors bought a new stake in ZTO Express (Cayman) in the second quarter for his $36,000 value. China Universal Asset Management Co. Ltd. bought a new stake in his ZTO Express (Cayman) during the fourth quarter worth $43,000. Advisor Group Holdings Inc. increased its position in shares of ZTO Express (Cayman) by 26.2% in the fourth quarter. Advisor Group Holdings Inc. acquired an additional 466 shares during the period and now owns 2,248 shares of the shipping company, valued at $61,000. Finally, CI Investments Inc. increased his position in ZTO Express (Cayman) shares by 529.2% during the fourth quarter. CI Investments Inc. acquired an additional 2,757 shares during the period and now owns 3,278 shares of the shipping company, valued at $88,000. Institutional investors own 40.56% of the company’s shares.

ZTO Express (Cayman) price performance

ZTO shares fell $0.59 to $28.45 in intraday trading on Tuesday. The company had a trading volume of 639,596 shares and an average volume of 2,710,274 shares. The company has a market capitalization of $17.66 billion, a price/earnings multiple of 21.67 times, a P/E ratio of 1.21 times, and a beta of 0.04 times. ZTO Express hit a 12-month low of $16.27 and a 12-month high of $30.05. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt to equity ratio of 0.13. The company’s 50-day moving average price is $28.24 and its 200-day moving average price is $26.63.

ZTO Express (Cayman) (NYSE: ZTO – Get Rating) last reported earnings on Wednesday, March 15. The company reported earnings per share (EPS) of $0.37 for the quarter, beating consensus expectations of $0.35 by $0.02. The company had revenue of $1.43 billion in the quarter, up from $1.34 billion expected by analysts. ZTO Express (Cayman) had a net profit margin of 20.76% and a return on equity of 14.25%. On average, research analysts expect ZTO Express to earn earnings per share of 1.43 for the current year.

ZTO Express (Cayman) increases dividend

The company also recently announced a dividend, which was paid out on Friday, April 28. Shareholders of record on Thursday, April 6 were given a dividend of $0.37 per share. This is an increase from ZTO Express (Cayman)’s previous dividend of $0.25. The ex-dividend date for this dividend was Wednesday, April 5.

Analysts set new price target

Several brokerage firms have put pressure on ZTO recently. StockNews.com began coverage of ZTO Express (Cayman) shares in a report on Thursday, May 18. They issued a “hold” rating to the company. Bank of America raised its price target on ZTO Express (Cayman) shares to $39.00 from $36.00 in a report on Thursday, May 18. Goldman Sachs Group upgraded ZTO Express (Cayman) shares from ‘neutral’ to ‘buy’ and raised its price target to $42.00 from $37.00 in a report on Monday, April 24. Finally, HSBC raised its price target on ZTO Express (Cayman) shares from $33.00 to $36.00 in its report on Friday 17 March, giving the stock a Buy rating. One analyst gave the stock a hold, while four gave it a buy. ZTO Express (Cayman) currently has an average Buy Medium rating with a Consensus Price Target of $36.96, based on MarketBeat.com data.

About ZTO Express (Cayman)

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ZTO Express (Cayman), Inc. provides comprehensive logistics services. We offer express shipping and value-added logistics services through our nationwide network of partners. The company also offers digital, privacy waybill and cloud printing. It operates through express and freight transportation segments.

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Want to know if other hedge funds hold ZTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for ZTO Express (Cayman) Inc. (NYSE: ZTO – Get Rated).

ZTO Express (Cayman) Quarterly Institutional Ownership (NYSE:ZTO)

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