KLP Kapitalforvaltning AS purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,500 shares of the company's stock, valued at approximately $483,000.
A number of other hedge funds also recently bought and sold shares of ZIM. Sunbelt Securities Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. R Squared Ltd purchased a new position in ZIM Integrated Shipping Services during the fourth quarter worth $88,000. HighTower Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $263,000. Copperwynd Financial LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $301,000. Finally, Truist Financial Corp lifted its holdings in shares of ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after acquiring an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Stock Up 2.3 %
NYSE ZIM traded up $0.29 on Monday, reaching $12.81. 11,733,559 shares of the stock traded hands, compared to its average volume of 5,969,421. 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 fifty day moving average price of $18.35 and a 200-day moving average price of $20.35. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 1.07, a PEG ratio of 0.27 and a beta of 1.84.
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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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, 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a yield of 98.97%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.
Analyst Upgrades and Downgrades
ZIM has been the topic of a number of recent analyst reports. Barclays reduced 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 research report on Monday, March 17th. Jefferies Financial Group reissued a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Five investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.54.
View Our Latest Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services 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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