Headlands Technologies LLC reduced its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,431 shares of the company's stock after selling 26,118 shares during the period. Headlands Technologies LLC owned approximately 0.07% of ZIM Integrated Shipping Services worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth $71,000. Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $79,000. R Squared Ltd bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $88,000. Mark Sheptoff Financial Planning LLC raised its stake in ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after purchasing an additional 900 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $263,000. 21.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ZIM has been the topic of several recent research reports. Barclays lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their price objective on 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, Jefferies Financial Group reiterated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.54.
View Our Latest Research Report on ZIM
ZIM Integrated Shipping Services Price Performance
Shares of ZIM Integrated Shipping Services stock traded down $2.62 during midday trading on Thursday, hitting $13.52. 11,550,757 shares of the company traded hands, compared to its average volume of 5,904,193. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 1.13, 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. The firm's fifty day moving average price is $18.60 and its 200-day moving average price is $20.48. 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 announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 48.63% and a net margin of 19.26%. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 93.82%. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services's payout ratio is 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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