Centiva Capital LP Takes $2.54 Million Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Centiva Capital LP bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 118,070 shares of the company's stock, valued at approximately $2,535,000. Centiva Capital LP owned approximately 0.10% of ZIM Integrated Shipping Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its position in ZIM Integrated Shipping Services by 3.4% in the third quarter. Geode Capital Management LLC now owns 88,086 shares of the company's stock worth $2,260,000 after purchasing an additional 2,873 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $5,509,000. Merit Financial Group LLC purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $2,232,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $967,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of ZIM Integrated Shipping Services by 6.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company's stock valued at $1,012,000 after acquiring an additional 2,847 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Bank of America dropped their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Hold" and an average price target of $13.06.

ZIM Integrated Shipping Services Price Performance

ZIM traded up $2.05 during trading on Monday, hitting $16.32. The company's stock had a trading volume of 10,591,347 shares, compared to its average volume of 6,071,108. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 1.36, a P/E/G ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The business's fifty day simple moving average is $15.39 and its 200 day simple moving average is $18.89. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared 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 a positive change 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 77.71%. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

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.