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ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

ZIM Integrated Shipping Services logo with Transportation background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,478 shares of the company's stock after selling 38,625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of ZIM Integrated Shipping Services worth $5,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZIM. California State Teachers Retirement System raised its stake in shares of ZIM Integrated Shipping Services by 2.4% in the first quarter. California State Teachers Retirement System now owns 104,767 shares of the company's stock worth $1,060,000 after purchasing an additional 2,423 shares during the last quarter. Cetera Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the first quarter valued at $130,000. SG Americas Securities LLC raised its stake in shares of ZIM Integrated Shipping Services by 80.1% during the 2nd quarter. SG Americas Securities LLC now owns 25,897 shares of the company's stock valued at $574,000 after buying an additional 11,520 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 216.4% in the 2nd quarter. Blue Trust Inc. now owns 9,583 shares of the company's stock valued at $212,000 after buying an additional 6,554 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of ZIM Integrated Shipping Services by 9.6% in the second quarter. Van ECK Associates Corp now owns 37,488 shares of the company's stock worth $831,000 after buying an additional 3,296 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM traded down $1.24 during mid-day trading on Wednesday, hitting $19.10. 10,600,934 shares of the company were exchanged, compared to its average volume of 6,271,674. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 1.58, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.97 and a 1-year high of $30.15. The company has a 50 day moving average of $22.49 and a 200-day moving average of $20.74. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 58.85%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 9.72%.

Analysts Set New Price Targets

ZIM has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "hold" rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Barclays increased their target price on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a research note on Monday, November 25th. Finally, Bank of America lifted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.74.

Get Our Latest Stock Analysis on ZIM

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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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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