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

Point72 Asset Management L.P. bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have commented on ZIM. Bank of America reduced 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 note 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 target on the stock. in a research report on Tuesday. Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday. Barclays cut their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target 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. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $14.05.

ZIM Integrated Shipping Services Trading Down 4.2%

Shares of NYSE ZIM traded down $0.79 during trading on Wednesday, reaching $18.06. The stock had a trading volume of 6,883,536 shares, compared to its average volume of 6,181,610. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market cap of $2.17 billion, a P/E ratio of 1.51, a PEG ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The business's 50-day moving average price is $15.16 and its 200-day moving average price is $18.68.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same period last year, the business posted $0.75 EPS. On average, equities research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a dividend of $3.17 per share. The ex-dividend date 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 70.21%. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

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.