SG Americas Securities LLC trimmed its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 26.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,820 shares of the company's stock after selling 90,761 shares during the quarter. SG Americas Securities LLC owned 0.21% of ZIM Integrated Shipping Services worth $5,428,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ZIM. JPMorgan Chase & Co. boosted its stake 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock worth $22,079,000 after buying an additional 36,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in ZIM Integrated Shipping Services by 26.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock valued at $15,377,000 after buying an additional 126,459 shares during the period. Millennium Management LLC grew its stake in shares of ZIM Integrated Shipping Services by 306.7% in the second quarter. Millennium Management LLC now owns 425,795 shares of the company's stock worth $9,440,000 after acquiring an additional 321,100 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock worth $10,337,000 after acquiring an additional 385,562 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ZIM has been the subject of a number of recent research reports. Jefferies Financial Group decreased their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a report on Tuesday, December 17th. Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of "Hold" and an average target price of $15.04.
Check Out Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Down 1.0 %
ZIM Integrated Shipping Services stock traded down $0.17 during mid-day trading on Friday, hitting $16.89. The company had a trading volume of 4,186,131 shares, compared to its average volume of 4,675,912. 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 Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The business has a fifty day moving average of $20.44 and a 200 day moving average of $20.45. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 1.41, a PEG ratio of 0.21 and a beta of 1.77.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a dividend yield of 66.55%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 9.72%.
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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