ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Holdings Reduced by Corton Capital Inc.

Corton Capital Inc. lowered its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,399 shares of the company's stock after selling 17,879 shares during the quarter. ZIM Integrated Shipping Services comprises 0.3% of Corton Capital Inc.'s portfolio, making the stock its 24th largest position. Corton Capital Inc.'s holdings in ZIM Integrated Shipping Services were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew 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 valued at $2,260,000 after acquiring an additional 2,873 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $5,509,000. Merit Financial Group LLC purchased a new stake in ZIM Integrated Shipping Services during the 4th quarter worth $2,232,000. Finally, Astoria Portfolio Advisors LLC. acquired a new position in ZIM Integrated Shipping Services in the 4th quarter worth $967,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded up $0.03 during mid-day trading on Friday, reaching $14.28. The company's stock had a trading volume of 2,443,623 shares, compared to its average volume of 6,084,196. 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 Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The business has a 50 day moving average price of $15.39 and a 200-day moving average price of $18.94. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 1.20, a PEG ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a dividend of $3.17 per share. 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 yield of 88.80%. The ex-dividend date was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZIM shares. Bank of America lowered their target price 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. Jefferies Financial Group restated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Finally, Barclays decreased 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 report on Wednesday, April 16th. Five equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.06.

About ZIM Integrated Shipping Services

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.