PFG Investments LLC lessened its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,483 shares of the company's stock after selling 16,744 shares during the quarter. PFG Investments LLC's holdings in ZIM Integrated Shipping Services were worth $664,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 50.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after purchasing an additional 1,909,480 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $16,381,000. Point72 Asset Management L.P. bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $14,324,000. Finally, Nomura Holdings Inc. bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $13,148,000. 21.42% of the stock is owned by institutional investors.
ZIM Integrated Shipping Services Price Performance
Shares of ZIM Integrated Shipping Services stock traded up $0.88 on Friday, reaching $16.55. The stock had a trading volume of 7,628,569 shares, compared to its average volume of 6,201,377. The business's 50 day moving average is $16.32 and its two-hundred day moving average is $17.56. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.99 billion, a P/E ratio of 0.85, a price-to-earnings-growth ratio of 0.26 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.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.
ZIM Integrated Shipping Services Announces Dividend
The business also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a $0.74 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Bank of America dropped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group upped their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered 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 note on Friday, March 7th. Barclays boosted their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a report on Tuesday, May 20th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Reduce" and an average target price of $14.82.
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About ZIM Integrated Shipping Services
(
Free Report)
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.
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