CastleKnight Management LP Sells 160,025 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

CastleKnight Management LP lowered its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 61.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,946 shares of the company's stock after selling 160,025 shares during the quarter. CastleKnight Management LP owned about 0.08% of ZIM Integrated Shipping Services worth $2,189,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC increased its position in shares of ZIM Integrated Shipping Services by 26.5% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after purchasing an additional 900 shares during the period. Altshuler Shaham Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after buying an additional 1,300 shares in the last quarter. Truist Financial Corp increased its holdings in ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after purchasing an additional 1,376 shares in the last quarter. HighTower Advisors LLC grew its holdings in ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after acquiring an additional 2,080 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $45,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock traded up $0.03 on Friday, hitting $14.28. 2,443,623 shares of the company's stock were exchanged, compared to its average volume of 6,051,810. The company has a 50 day moving average of $15.39 and a 200 day moving average of $18.92. The stock has a market cap of $1.72 billion, a P/E ratio of 1.20, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. 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 12 month low of $11.04 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion for 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 year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 88.80%. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Barclays cut their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group restated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.06.

ZIM Integrated Shipping Services 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.