Legacy Wealth Asset Management LLC Purchases Shares of 28,419 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Legacy Wealth Asset Management LLC acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,419 shares of the transportation company’s stock, valued at approximately $704,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of ZTO Express (Cayman) during the 1st quarter valued at approximately $43,000. First Horizon Advisors Inc. bought a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $45,000. Blue Trust Inc. lifted its position in shares of ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares in the last quarter. Mendota Financial Group LLC bought a new position in ZTO Express (Cayman) during the second quarter valued at approximately $167,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in ZTO Express (Cayman) in the 1st quarter worth approximately $230,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $24.23 on Friday. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. 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 company has a fifty day simple moving average of $23.16 and a two-hundred day simple moving average of $21.85. The firm has a market capitalization of $14.70 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of -0.10.

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. 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. Analysts anticipate that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th were issued 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 47.89%.

ZTO Express (Cayman) Company Profile

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.