ExodusPoint Capital Management LP Buys 98,799 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

ExodusPoint Capital Management LP grew its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 134.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,226 shares of the company's stock after acquiring an additional 98,799 shares during the period. ExodusPoint Capital Management LP owned 0.14% of ZIM Integrated Shipping Services worth $3,698,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 in the last quarter. Allianz Asset Management GmbH grew its position in shares of ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after buying an additional 393,215 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $5,509,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in ZIM Integrated Shipping Services by 1,129.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 161,440 shares of the company's stock worth $3,466,000 after acquiring an additional 148,306 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 7.3 %

ZIM Integrated Shipping Services stock opened at $12.51 on Monday. The business has a fifty day moving average price of $18.45 and a 200-day moving average price of $20.40. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.75 and a 1-year high of $30.15. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 1.05, a PEG ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

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ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The business 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%. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a dividend of $3.17 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 101.36%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZIM shares. JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays reduced their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating for the company in a research report on Monday, March 17th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.54.

ZIM Integrated Shipping Services Company Profile

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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