Public Employees Retirement System of Ohio Sells 28,500 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Public Employees Retirement System of Ohio lessened its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,600 shares of the company's stock after selling 28,500 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of ZIM Integrated Shipping Services worth $2,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ZIM. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after purchasing an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 acquiring an additional 940,587 shares in the last quarter. Marshall Wace LLP raised its stake in shares of ZIM Integrated Shipping Services by 6.9% in the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after acquiring an additional 124,558 shares in the last quarter. Allianz Asset Management GmbH raised its stake in 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 buying an additional 393,215 shares in the last quarter. Finally, Jump Financial LLC raised its stake in ZIM Integrated Shipping Services by 19.1% in the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company's stock valued at $19,127,000 after buying an additional 142,669 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays raised their price objective on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a report on Wednesday, May 28th. 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 report on Friday, March 7th. Jefferies Financial Group boosted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Bank of America cut their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th. Finally, Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Five 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, the company currently has an average rating of "Reduce" and a consensus target price of $14.42.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded up $0.57 during mid-day trading on Thursday, hitting $17.11. The company's stock had a trading volume of 6,812,599 shares, compared to its average volume of 6,137,768. 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 stock has a market capitalization of $2.06 billion, a P/E ratio of 1.43, a P/E/G ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The stock's fifty day moving average price is $15.31 and its two-hundred day moving average price is $18.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same quarter last year, the firm earned $0.75 EPS. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, June 3rd will be paid a $0.74 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's payout ratio is currently 5.94%.

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.