Entropy Technologies LP reduced its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 65.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,001 shares of the company's stock after selling 40,552 shares during the period. Entropy Technologies LP's holdings in ZIM Integrated Shipping Services were worth $451,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ZIM. JPMorgan Chase & Co. raised its stake in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after buying an additional 674,723 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock valued at $22,079,000 after purchasing an additional 36,692 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in ZIM Integrated Shipping Services by 26.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock valued at $15,377,000 after purchasing an additional 126,459 shares during the last quarter. International Assets Investment Management LLC raised its stake in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after purchasing an additional 385,562 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in ZIM Integrated Shipping Services by 39.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388,000 shares of the company's stock valued at $9,956,000 after purchasing an additional 110,000 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Trading Up 2.3 %
Shares of NYSE ZIM traded up $0.45 on Friday, reaching $20.13. 3,430,394 shares of the company traded hands, compared to its average volume of 5,391,088. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The company has a 50 day moving average of $19.22 and a 200 day moving average of $20.52. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.42 billion, a PE ratio of 1.69, a P/E/G ratio of 0.23 and a beta of 1.74.
ZIM Integrated Shipping Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 55.85%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is presently 9.72%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, December 17th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.04.
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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.
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