Teacher Retirement System of Texas boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,557 shares of the company's stock after purchasing an additional 23,144 shares during the period. Teacher Retirement System of Texas owned about 0.08% of ZIM Integrated Shipping Services worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after buying an additional 674,723 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in ZIM Integrated Shipping Services in the third quarter worth $2,612,000. Blueshift Asset Management LLC acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at $620,000. Decker Retirement Planning Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $5,509,000. Finally, Truist Financial Corp grew its stake in shares of ZIM Integrated Shipping Services by 10.2% during the 4th 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 period. Hedge funds and other institutional investors own 21.42% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on ZIM. JPMorgan Chase & Co. reduced 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 note on Friday, March 7th. 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. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research note on Monday, March 17th. Five equities research 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.54.
Check Out Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Price Performance
ZIM traded up $0.11 during midday trading on Friday, reaching $15.50. 6,002,619 shares of the company's stock were exchanged, compared to its average volume of 5,860,890. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.75 and a 1-year high of $30.15. The stock has a market capitalization of $1.87 billion, a PE ratio of 1.30, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business's 50-day moving average price is $18.67 and its 200 day moving average price is $20.54.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 81.83%. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is currently 6.51%.
About ZIM Integrated Shipping Services
(
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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