Skandinaviska Enskilda Banken AB publ purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,600 shares of the company's stock, valued at approximately $764,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $363,000. Segall Bryant & Hamill LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter worth about $2,294,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in ZIM Integrated Shipping Services by 26.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock worth $15,377,000 after purchasing an additional 126,459 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock worth $22,079,000 after purchasing an additional 36,692 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $548,000. Institutional investors and hedge funds own 21.42% of the company's stock.
ZIM Integrated Shipping Services Price Performance
NYSE ZIM traded down $0.15 during trading hours on Friday, hitting $17.82. The company had a trading volume of 9,919,042 shares, compared to its average volume of 5,638,397. The firm has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $20.56. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.47 and a 52 week high of $30.15. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 1.49, a PEG ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.
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 the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. 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. This represents a $12.68 annualized dividend and a yield of 71.16%. ZIM Integrated Shipping Services's payout ratio is 6.51%.
Analyst Ratings Changes
ZIM has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. 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. JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Five 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, the company 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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