LPL Financial LLC lessened its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,011 shares of the company's stock after selling 89,760 shares during the period. LPL Financial LLC owned about 0.13% of ZIM Integrated Shipping Services worth $3,242,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at $71,000. R Squared Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $88,000. HighTower Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $263,000. Copperwynd Financial LLC acquired a new position in ZIM Integrated Shipping Services in the 4th quarter valued at about $301,000. Finally, Truist Financial Corp raised its holdings in ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after acquiring an additional 1,376 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.
ZIM Integrated Shipping Services Price Performance
Shares of NYSE ZIM traded up $1.21 during mid-day trading on Friday, reaching $13.81. The company had a trading volume of 6,576,829 shares, compared to its average volume of 6,069,085. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 1.16, a PEG ratio of 0.27 and a beta of 1.84. The business's 50-day simple moving average is $17.77 and its 200 day simple moving average is $19.98. ZIM Integrated Shipping Services Ltd. has a one year low of $9.75 and a one year high of $30.15. 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 released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. 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 yield of 91.84%. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Barclays decreased 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. Bank of America lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.36.
Get Our Latest Stock Analysis on ZIM
ZIM Integrated Shipping Services 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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