Crossmark Global Holdings Inc. Boosts Stake 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% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sei Investments Co. lifted its stake in ZTO Express (Cayman) by 32.0% during the 1st quarter. Sei Investments Co. now owns 31,038 shares of the transportation company’s stock valued at $650,000 after acquiring an additional 7,526 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in ZTO Express (Cayman) by 29.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 299,915 shares of the transportation company’s stock worth $6,280,000 after purchasing an additional 67,907 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in ZTO Express (Cayman) in the 1st quarter worth approximately $230,000. National Bank of Canada FI grew its position in ZTO Express (Cayman) by 81.7% in the 1st quarter. National Bank of Canada FI now owns 775,700 shares of the transportation company’s stock worth $16,173,000 after purchasing an additional 348,700 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of ZTO Express (Cayman) by 25.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 525,329 shares of the transportation company’s stock valued at $11,007,000 after buying an additional 105,100 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Up 0.7 %

NYSE:ZTO opened at $21.07 on Friday. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.99 and a beta of -0.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $23.65 and a 200-day moving average price of $22.09. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. The firm had revenue of $1.48 billion for the quarter. Sell-side analysts forecast that ZTO Express will post 1.66 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

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