Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,894 shares of the company's stock after selling 39,888 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.23% of ZIM Integrated Shipping Services worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of ZIM Integrated Shipping Services by 59.4% during the third 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 period. Y Intercept Hong Kong Ltd acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $2,612,000. Decker Retirement Planning Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $5,509,000. Truist Financial Corp boosted its holdings in ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in ZIM Integrated Shipping Services by 2,171.6% in the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company's stock valued at $5,339,000 after buying an additional 198,898 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Stock Performance
ZIM Integrated Shipping Services stock traded up $0.83 during trading hours on Tuesday, hitting $15.42. The company had a trading volume of 5,990,677 shares, compared to its average volume of 6,316,674. ZIM Integrated Shipping Services Ltd. has a one year low of $9.75 and a one year high of $30.15. The firm has a market cap of $1.86 billion, a PE ratio of 1.29, a PEG ratio of 0.27 and a beta of 1.70. The firm has a 50-day moving average of $18.63 and a 200 day moving average of $20.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The firm 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%. On average, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a yield of 82.25%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.
Analyst Ratings Changes
Several brokerages recently commented on ZIM. 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. 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and an average target price of $13.54.
Get Our Latest Analysis 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.
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