Dumac Inc. Invests $2.02 Million in ZTO Express (Cayman) Inc. $ZTO

Dumac Inc. purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 96,781 shares of the transportation company’s stock, valued at approximately $2,022,000. ZTO Express (Cayman) comprises approximately 0.3% of Dumac Inc.’s investment portfolio, making the stock its 6th largest holding.

Other large investors have also modified their holdings of the company. Leonteq Securities AG bought a new position in shares of ZTO Express (Cayman) during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the last quarter. Assetmark Inc. lifted its position in shares of ZTO Express (Cayman) by 1,713.0% during the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,244 shares during the last quarter. Signaturefd LLC lifted its position in shares of ZTO Express (Cayman) by 22.5% during the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after purchasing an additional 494 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 156.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ZTO. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. raised their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $22.68 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $24.42 and a two-hundred day moving average of $23.05. ZTO Express has a 52 week low of $16.94 and a 52 week high of $26.20. The company has a market cap of $12.79 billion, a P/E ratio of 13.92, a PEG ratio of 0.92 and a beta of -0.22.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. The company had revenue of $2.07 billion for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.23%. As a group, analysts anticipate that ZTO Express will post 1.82 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 318.0%. ZTO Express (Cayman)’s payout ratio is currently 46.63%.

About ZTO Express (Cayman)

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.