XTX Topco Ltd trimmed its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 47.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,725 shares of the company's stock after selling 35,049 shares during the period. XTX Topco Ltd's holdings in ZIM Integrated Shipping Services were worth $994,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of ZIM. HighTower Advisors LLC purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $263,000. Mark Sheptoff Financial Planning LLC increased its stake in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock worth $87,000 after buying an additional 1,900 shares during the period. PDT Partners LLC grew its position in shares of ZIM Integrated Shipping Services by 48.7% during the 3rd quarter. PDT Partners LLC now owns 255,292 shares of the company's stock worth $6,551,000 after buying an additional 83,625 shares in the last quarter. Verition Fund Management LLC boosted its position in ZIM Integrated Shipping Services by 2,171.6% during the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company's stock valued at $5,339,000 after acquiring an additional 198,898 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $620,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Price Performance
ZIM stock traded down $1.24 during mid-day trading on Wednesday, reaching $19.10. The company's stock had a trading volume of 10,600,934 shares, compared to its average volume of 6,271,674. 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 company's 50 day moving average is $22.49 and its two-hundred day moving average is $20.74. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.97 and a fifty-two week high of $30.15. The stock has a market cap of $2.30 billion, a PE ratio of 1.58, a P/E/G ratio of 0.04 and a beta of 1.78.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. 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 payout ratio is 9.72%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ZIM. Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Bank of America increased their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research note on Wednesday, August 28th. Jefferies Financial Group reiterated a "hold" rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Five investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.74.
Read Our Latest Stock Analysis on ZIM Integrated Shipping Services
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.
Featured Stories
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
