Sei Investments Co. boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 25.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 132,051 shares of the company's stock after purchasing an additional 26,549 shares during the period. Sei Investments Co. owned approximately 0.11% of ZIM Integrated Shipping Services worth $2,835,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $71,000. R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $88,000. HighTower Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth about $263,000. Copperwynd Financial LLC acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at about $301,000. Finally, Truist Financial Corp boosted its holdings in ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after purchasing an additional 1,376 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Jefferies Financial Group restated 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 shares of 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 equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.54.
Check Out Our Latest Research Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Performance
Shares of ZIM stock opened at $12.51 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of 1.05, a PEG ratio of 0.27 and a beta of 1.70. The business has a 50 day moving average of $18.45 and a two-hundred day moving average of $20.39. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.75 and a 52 week high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. As a group, 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 declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 annualized dividend and a dividend yield of 101.36%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio is currently 6.51%.
ZIM Integrated Shipping Services Company Profile
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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.
See Also
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