State Of New Jersey Common Retirement Fund D Acquires 277,110 Shares Of ZTO Express (Cayman) Inc. (NYSE:ZTO)

State of New Jersey Common Pension Fund D grew its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report ) by 119.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. . The institutional investor owned 509,092 shares of the transportation company’s stock after acquiring an additional 277,110 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ZTO Express (Cayman) were worth $10,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) in the 1st quarter worth approximately $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the second quarter valued at $45,000. Barometer Capital Management Inc. bought a new position in ZTO Express (Cayman) in the fourth quarter valued at $126,000. Mendota Financial Group LLC purchased a new position in ZTO Express (Cayman) in the second quarter valued at $167,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in ZTO Express (Cayman) in the first quarter valued at $230,000. 41.65% of the shares are currently owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Several research firms recently weighed in on ZTO. Macquarie lowered 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. 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 report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Moderate Buy” and an average price target of $27.03, according to MarketBeat.com.

Check out our latest research report on ZTO Express (Cayman)

ZTO Express (Cayman) trading up 0.1%

ZTO opened at $22.01 on Friday. The company has a fifty day moving average price of $20.28 and a two hundred day moving average price of $21.12. ZTO Express has a 1 year low of $15.90 and a 1 year high of $25.90. The company has a market cap of $13.30 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.03 and a beta of -0.11. 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 (Cayman) (NYSE:ZTO – Get Your Free Report ) last posted its earnings results 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 company had revenue of $1.48 billion during the quarter. analysts predict that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement.

The company also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.35 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. The payout ratio of ZTO Express (Cayman) is 47.89%.

About ZTO Express (Cayman)

(Free Report)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People’s Republic of China. Provides freight forwarding services; and delivery services for e-commerce and brick-and-mortar merchants and other users of express services. The company was founded in 2002 and is headquartered in Shanghai, People’s Republic of China.

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