ExodusPoint Capital Management LP Raises Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

ExodusPoint Capital Management LP increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 134.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 172,226 shares of the company's stock after buying an additional 98,799 shares during the period. ExodusPoint Capital Management LP owned 0.14% of ZIM Integrated Shipping Services worth $3,698,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ZIM. Arrowstreet Capital Limited Partnership increased its stake in shares of ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. Allianz Asset Management GmbH boosted its position in shares of ZIM Integrated Shipping Services by 39.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after acquiring an additional 393,215 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $5,509,000. Finally, Robeco Institutional Asset Management B.V. increased its position in ZIM Integrated Shipping Services by 1,129.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 161,440 shares of the company's stock worth $3,466,000 after acquiring an additional 148,306 shares during the period. 21.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ZIM shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays reduced their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average target price of $13.54.

ZIM Integrated Shipping Services Trading Down 6.6 %

Shares of ZIM traded down $0.89 during trading hours on Thursday, hitting $12.56. 3,274,399 shares of the stock were exchanged, compared to its average volume of 6,025,803. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.75 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm has a market capitalization of $1.51 billion, a P/E ratio of 1.05, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The business has a 50-day moving average of $17.94 and a 200-day moving average of $20.12.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data 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 business 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, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $3.17 dividend. 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 100.96%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

ZIM Integrated Shipping Services Company 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.