Point72 Asset Management L.P. Buys New Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Point72 Asset Management L.P. bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 667,178 shares of the company's stock, valued at approximately $14,324,000. Point72 Asset Management L.P. owned approximately 0.55% of ZIM Integrated Shipping Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ZIM. Altshuler Shaham Ltd grew its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after purchasing an additional 1,300 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $79,000. R Squared Ltd acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $88,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after acquiring an additional 900 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Down 0.3%

NYSE:ZIM traded down $0.05 on Friday, reaching $18.24. 1,936,164 shares of the company's stock were exchanged, compared to its average volume of 6,155,874. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 1.54, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $15.15 and a 200-day moving average of $18.64.

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 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $0.75 EPS. As a group, analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a $3.17 dividend. The ex-dividend date of this dividend 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 yield of 69.53%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Bank of America reduced their target price on 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. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of 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. Barclays dropped 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. Finally, Jefferies Financial Group upped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $14.05.

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.