ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares were up 6.1% during trading on Monday . The stock traded as high as $17.92 and last traded at $17.90. Approximately 1,781,492 shares changed hands during trading, a decline of 69% from the average daily volume of 5,793,949 shares. The stock had previously closed at $16.87.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on ZIM shares. Barclays decreased their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a report on Friday, January 10th. 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. 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. Finally, Jefferies Financial Group decreased their target price on shares of 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. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.04.
View Our Latest Report on ZIM
ZIM Integrated Shipping Services Stock Up 4.9 %
The business's 50 day moving average price is $20.44 and its 200-day moving average price is $20.46. The firm has a market capitalization of $2.13 billion, a PE ratio of 1.48, a P/E/G ratio of 0.21 and a beta of 1.77. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $2.81 dividend. This represents a $11.24 annualized dividend and a dividend yield of 63.51%. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is currently 9.72%.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after buying an additional 674,723 shares during the period. International Assets Investment Management LLC increased its position in shares of ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after purchasing an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in ZIM Integrated Shipping Services in the third quarter valued at $2,612,000. Blueshift Asset Management LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter valued at $620,000. Finally, Quantbot Technologies LP increased its holdings in 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. Hedge funds and other institutional investors own 21.42% of the company's stock.
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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