Barclays PLC lessened its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 96.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,114 shares of the company's stock after selling 735,405 shares during the period. Barclays PLC's holdings in ZIM Integrated Shipping Services were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the company. Optimize Financial Inc purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $277,000. Raymond James Financial Inc. bought a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $1,771,000. Advisory Services Network LLC purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $365,000. Renaissance Technologies LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after acquiring an additional 1,909,480 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of ZIM Integrated Shipping Services by 20.2% in the 4th quarter. Legal & General Group Plc now owns 216,393 shares of the company's stock valued at $4,646,000 after purchasing an additional 36,342 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Trading Up 0.2 %
NYSE:ZIM traded up $0.03 during trading hours on Friday, hitting $14.28. The company had a trading volume of 2,443,623 shares, compared to its average volume of 6,051,810. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15. The company has a market capitalization of $1.72 billion, a PE ratio of 1.20, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The stock has a 50-day moving average price of $15.39 and a 200 day moving average price of $18.92.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS 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. Stockholders of record on Monday, March 24th were given a $3.17 dividend. The ex-dividend date was Monday, March 24th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 88.80%. ZIM Integrated Shipping Services's dividend payout ratio is currently 6.51%.
Analyst Upgrades and Downgrades
ZIM has been the subject of several recent research reports. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Bank of America dropped their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of "Hold" and an average price target of $13.06.
Read Our Latest 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.
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