Copperwynd Financial LLC purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,000 shares of the company's stock, valued at approximately $301,000.
Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of ZIM Integrated Shipping Services by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company's stock worth $852,000 after acquiring an additional 12,657 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $764,000. Swiss National Bank grew its position in shares of ZIM Integrated Shipping Services by 8.2% in the fourth quarter. Swiss National Bank now owns 204,700 shares of the company's stock valued at $4,395,000 after purchasing an additional 15,600 shares during the last quarter. HighTower Advisors LLC grew its position in shares of ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock valued at $263,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $1,771,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.
ZIM Integrated Shipping Services Price Performance
NYSE:ZIM traded up $0.13 during mid-day trading on Wednesday, hitting $18.87. The company's stock had a trading volume of 6,522,718 shares, compared to its average volume of 5,593,822. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 1.58, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The stock has a fifty day moving average of $18.98 and a 200-day moving average of $20.59.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 67.20%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday. Finally, Jefferies Financial Group restated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of "Hold" and an average price target of $13.54.
Read Our Latest Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Company Profile
(
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.
Read More
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
