FNY Investment Advisers LLC Increases Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

FNY Investment Advisers LLC boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 1,863.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 149,200 shares of the company's stock after acquiring an additional 141,600 shares during the period. ZIM Integrated Shipping Services accounts for approximately 1.3% of FNY Investment Advisers LLC's portfolio, making the stock its 14th largest holding. FNY Investment Advisers LLC owned approximately 0.12% of ZIM Integrated Shipping Services worth $2,176,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ZIM. Renaissance Technologies LLC raised its holdings in ZIM Integrated Shipping Services by 50.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after acquiring an additional 1,909,480 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after acquiring an additional 940,587 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $16,381,000. Point72 Asset Management L.P. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $14,324,000. Finally, Nomura Holdings Inc. purchased a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $13,148,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a report on Wednesday, May 28th. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Bank of America decreased their price target on shares of 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, JPMorgan Chase & Co. lowered their price objective 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. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $14.70.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded up $0.51 during midday trading on Monday, reaching $18.02. The company had a trading volume of 13,232,699 shares, compared to its average volume of 6,098,552. The firm has a 50-day moving average price of $15.72 and a 200-day moving average price of $17.75. The company has a market capitalization of $2.17 billion, a P/E ratio of 1.51, a P/E/G ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year 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.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $0.75 earnings per share. On average, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.

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.