Robeco Institutional Asset Management B.V. trimmed its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 91.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,134 shares of the company's stock after selling 148,306 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in ZIM Integrated Shipping Services were worth $192,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd increased its position in shares of ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter worth $45,000. Brown Brothers Harriman & Co. purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter worth $79,000. Mark Sheptoff Financial Planning LLC increased its position 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 worth $92,000 after buying an additional 900 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the first quarter worth $146,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ZIM. Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a research report on Tuesday, May 20th. Bank of America decreased their target price 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. Barclays raised their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday, June 27th. Finally, Jefferies Financial Group raised their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $14.82.
Get Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Trading Down 2.3%
NYSE:ZIM traded down $0.37 during mid-day trading on Friday, reaching $15.78. 4,262,939 shares of the company's stock traded hands, compared to its average volume of 6,227,938. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.04 and a 12-month high of $30.15. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 0.81, a PEG ratio of 0.27 and a beta of 1.76. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. The company has a 50 day moving average price of $16.61 and a 200-day moving average price of $17.41.
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 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.75 earnings per share. On average, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Announces Dividend
The business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders 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 dividend yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio is currently 4.76%.
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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