Trexquant Investment LP Sells 698,569 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Trexquant Investment LP trimmed its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 66.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,271 shares of the company's stock after selling 698,569 shares during the period. Trexquant Investment LP owned approximately 0.29% of ZIM Integrated Shipping Services worth $7,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZIM. Arrowstreet Capital Limited Partnership grew its stake in ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after acquiring an additional 940,587 shares during the period. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 674,723 shares during the period. Allianz Asset Management GmbH increased its stake in ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after purchasing an additional 393,215 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $5,509,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of ZIM Integrated Shipping Services by 1,129.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 161,440 shares of the company's stock valued at $3,466,000 after buying an additional 148,306 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZIM. Jefferies Financial Group restated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays cut their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their price target on 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. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.54.

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ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $13.52 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 1.13, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The business's fifty day simple moving average is $18.53 and its 200 day simple moving average is $20.43. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.75 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. 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. Stockholders of record on Monday, March 24th were paid a dividend of $3.17 per share. The ex-dividend date was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 93.82%. 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 presently 6.51%.

ZIM Integrated Shipping Services Company Profile

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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