Aurora Investment Counsel Makes New Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Aurora Investment Counsel bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 119,103 shares of the transportation company’s stock, valued at approximately $2,471,000. ZTO Express (Cayman) makes up 1.5% of Aurora Investment Counsel’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truist Financial Corp acquired a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $719,000. Creative Planning boosted its holdings in ZTO Express (Cayman) by 54.4% in the 2nd quarter. Creative Planning now owns 29,170 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 10,275 shares during the last quarter. Scientech Research LLC purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $927,000. MBB Public Markets I LLC acquired a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth approximately $602,000. Finally, Dumac Inc. raised its position in shares of ZTO Express (Cayman) by 663.2% during the 2nd quarter. Dumac Inc. now owns 96,781 shares of the transportation company’s stock valued at $2,008,000 after buying an additional 84,100 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Bank of America raised their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research note on Monday, June 17th. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective for the company. in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Up 2.7 %

ZTO opened at $24.78 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. The firm has a market cap of $15.03 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.13 and a beta of -0.11. ZTO Express has a 52 week low of $15.90 and a 52 week high of $25.49. The business has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $21.32.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. The company 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%. On average, equities analysts expect that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 10th will be issued a $0.35 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 47.89%.

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.