Arrowstreet Capital Limited Partnership grew its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,784,352 shares of the company's stock after acquiring an additional 940,587 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 3.14% of ZIM Integrated Shipping Services worth $81,250,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ZIM. Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $71,000. Brown Brothers Harriman & Co. purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth about $79,000. R Squared Ltd bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at about $88,000. Mark Sheptoff Financial Planning LLC boosted its position in ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after buying an additional 900 shares during the period. Finally, WINTON GROUP Ltd bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth about $220,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ZIM has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Jefferies Financial Group reissued a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays cut their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research note on Monday, March 17th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.54.
View Our Latest Stock Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Down 15.4 %
ZIM stock traded down $2.48 during trading on Thursday, reaching $13.65. 8,420,544 shares of the company traded hands, compared to its average volume of 5,893,942. The business has a 50 day simple moving average of $18.60 and a 200 day simple moving average of $20.48. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.75 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 1.13, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 92.87%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.
About ZIM Integrated Shipping Services
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
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