ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 11,250,000 shares, a drop of 16.2% from the November 15th total of 13,430,000 shares. Approximately 11.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,650,000 shares, the short-interest ratio is presently 1.7 days.
ZIM Integrated Shipping Services Stock Performance
Shares of ZIM Integrated Shipping Services stock traded up $0.08 during trading on Friday, reaching $19.88. The company's stock had a trading volume of 3,876,744 shares, compared to its average volume of 8,747,575. The business's fifty day moving average price is $22.39 and its 200-day moving average price is $20.72. ZIM Integrated Shipping Services has a one year low of $7.71 and a one year high of $30.15. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 1.66, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. 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 business also recently declared 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 is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 56.54%. ZIM Integrated Shipping Services's dividend payout ratio is 9.72%.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in ZIM Integrated Shipping Services by 479.9% in the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock worth $58,429,000 after purchasing an additional 2,181,000 shares in the last quarter. Marshall Wace LLP boosted its stake in ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock worth $53,148,000 after purchasing an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at $14,383,000. International Assets Investment Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after buying an additional 385,562 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock valued at $9,506,000 after buying an additional 366,647 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently commented on ZIM shares. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Jefferies Financial Group restated a "hold" rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Barclays raised their price target on 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. Bank of America boosted 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. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Five equities research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.74.
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ZIM Integrated Shipping Services Company Profile
(
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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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