Crossmark Global Holdings Inc. Increases Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Crossmark Global Holdings Inc. increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 23.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,363 shares of the transportation company’s stock after purchasing an additional 4,943 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ZTO Express (Cayman) were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. lifted its stake in ZTO Express (Cayman) by 22.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock worth $364,955,000 after purchasing an additional 3,140,733 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of ZTO Express (Cayman) by 119.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after buying an additional 1,552,885 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in ZTO Express (Cayman) by 1,731.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after buying an additional 463,496 shares during the last quarter. National Bank of Canada FI grew its holdings in ZTO Express (Cayman) by 81.7% during the 1st quarter. National Bank of Canada FI now owns 775,700 shares of the transportation company’s stock valued at $16,173,000 after buying an additional 348,700 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in ZTO Express (Cayman) by 119.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 509,092 shares of the transportation company’s stock worth $10,564,000 after acquiring an additional 277,110 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Up 0.7 %

Shares of NYSE:ZTO opened at $21.07 on Friday. The company has a 50-day moving average price of $23.65 and a 200 day moving average price of $22.09. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.99 and a beta of -0.09.

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

ZTO Express (Cayman) Announces Dividend

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

About ZTO Express (Cayman)

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.