Ellington Management Group LLC increased its position in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 87.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,000 shares of the transportation company’s stock after buying an additional 14,500 shares during the period. Ellington Management Group LLC’s holdings in ZTO Express (Cayman) were worth $491,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZTO. Tower Research Capital LLC TRC raised its stake in ZTO Express (Cayman) by 281.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,500 shares of the transportation company’s stock worth $103,000 after buying an additional 4,795 shares during the last quarter. Wells Fargo & Company MN raised its stake in ZTO Express (Cayman) by 7.4% during the second quarter. Wells Fargo & Company MN now owns 13,199 shares of the transportation company’s stock worth $184,000 after buying an additional 907 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in 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 worth $188,000 after buying an additional 9,091 shares during the last quarter. GSA Capital Partners LLP bought a new position in ZTO Express (Cayman) during the third quarter worth $214,000. Finally, Bank of New York Mellon Corp bought a new position in ZTO Express (Cayman) during the third quarter worth $223,000. 28.82% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of ZTO Express (Cayman) from a “sell” rating to a “buy” rating and set a $17.00 target price for the company 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 given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.33.
ZTO opened at $14.90 on Friday. ZTO Express has a 1-year low of $11.92 and a 1-year high of $18.08. The firm has a market capitalization of $7,496.77, a price-to-earnings ratio of 21.59 and a beta of 0.21.
ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Thursday, March 8th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $0.28 by $1.43. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.06 billion. ZTO Express (Cayman) had a net margin of 24.26% and a return on equity of 15.52%. The business’s revenue was up 35.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. equities research analysts predict that ZTO Express will post 0.87 EPS for the current year.
The firm also recently disclosed a special dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 23rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 22nd.
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ZTO Express (Cayman) Company Profile
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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