ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Should You Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO) gapped down prior to trading on Friday . The stock had previously closed at $24.62, but opened at $23.97. ZTO Express (Cayman) shares last traded at $23.82, with a volume of 192,525 shares changing hands.

ZTO Express (Cayman) Stock Performance

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 50-day moving average price of $23.06 and a 200 day moving average price of $21.83. The firm has a market capitalization of $14.71 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.18 and a beta of -0.10.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $1.48 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. Research analysts expect that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

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

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors and hedge funds have recently made changes to their positions in the stock. Platinum Investment Management Ltd. boosted its position in shares of ZTO Express (Cayman) by 22.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock worth $364,955,000 after acquiring an additional 3,140,733 shares in the last quarter. Capital Research Global Investors raised its position in ZTO Express (Cayman) by 2.5% during the 1st quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock worth $168,327,000 after buying an additional 199,464 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company’s stock valued at $123,676,000 after purchasing an additional 70,527 shares in the last quarter. Canada Pension Plan Investment Board increased its position in ZTO Express (Cayman) by 119.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after purchasing an additional 1,552,885 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of ZTO Express (Cayman) by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock worth $35,594,000 after buying an additional 40,449 shares in the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

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.