ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Down 5.4% - Time to Sell?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) fell 5.4% during mid-day trading on Wednesday . The stock traded as low as $19.77 and last traded at $19.67. 2,361,346 shares were traded during trading, a decline of 58% from the average session volume of 5,620,338 shares. The stock had previously closed at $20.79.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, December 17th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Finally, Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Five 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. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of "Hold" and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm's 50-day moving average price is $19.21 and its 200-day moving average price is $20.52. The stock has a market cap of $2.39 billion, a P/E ratio of 1.66, a PEG ratio of 0.23 and a beta of 1.74.

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 paid a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 56.69%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is presently 9.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ZIM Integrated Shipping Services by 31.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company's stock valued at $6,101,000 after buying an additional 68,708 shares during the last quarter. Tidal Investments LLC boosted its position in shares of ZIM Integrated Shipping Services by 19.0% during the 4th quarter. Tidal Investments LLC now owns 81,539 shares of the company's stock valued at $1,751,000 after acquiring an additional 13,009 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $14,324,000. Nomura Holdings Inc. bought a new stake in ZIM Integrated Shipping Services in the fourth quarter worth $13,148,000. Finally, Nuveen Asset Management LLC raised its stake in ZIM Integrated Shipping Services by 750.0% during the fourth quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock valued at $13,437,000 after purchasing an additional 552,206 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

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.