Jump Financial LLC Raises Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Jump Financial LLC raised its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 890,867 shares of the company's stock after purchasing an additional 142,669 shares during the period. Jump Financial LLC owned about 0.74% of ZIM Integrated Shipping Services worth $19,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after purchasing an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in ZIM Integrated Shipping Services by 33.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after acquiring an additional 940,587 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after acquiring an additional 393,215 shares during the period. Finally, Causeway Capital Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 509.3% in the fourth quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock valued at $12,614,000 after acquiring an additional 491,093 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock traded up $0.27 on Friday, hitting $13.75. The stock had a trading volume of 3,044,160 shares, compared to its average volume of 6,100,563. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 1.15, a P/E/G ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.75 and a 52-week high of $30.15. The company's 50 day moving average price is $17.41 and its 200 day moving average price is $19.72. 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 (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a $3.17 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 92.19%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZIM shares. Bank of America lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective 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. Barclays cut their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a "hold" rating and issued 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 company. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average price target of $13.06.

About ZIM Integrated Shipping Services

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.