Teacher Retirement System of Texas Decreases Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Teacher Retirement System of Texas cut its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 42.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,484 shares of the company's stock after selling 40,073 shares during the quarter. Teacher Retirement System of Texas' holdings in ZIM Integrated Shipping Services were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZIM. Northern Trust Corp increased its holdings in ZIM Integrated Shipping Services by 150.2% in the 4th quarter. Northern Trust Corp now owns 212,148 shares of the company's stock worth $4,555,000 after buying an additional 127,367 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $1,771,000. HighTower Advisors LLC increased its holdings in ZIM Integrated Shipping Services by 20.5% in the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after buying an additional 2,080 shares in the last quarter. Mariner LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $735,000. Finally, Swiss National Bank boosted its position in ZIM Integrated Shipping Services by 8.2% in the fourth quarter. Swiss National Bank now owns 204,700 shares of the company's stock worth $4,395,000 after purchasing an additional 15,600 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock traded up $0.03 during trading hours on Wednesday, reaching $15.60. 4,071,992 shares of the company traded hands, compared to its average volume of 6,180,804. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.04 and a 12-month high of $30.15. 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 market cap of $1.88 billion, a P/E ratio of 0.80, a P/E/G ratio of 0.27 and a beta of 1.76. The firm has a 50-day moving average price of $16.81 and a 200 day moving average price of $17.18.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data 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. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were issued a $0.74 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio is presently 4.76%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZIM. Bank of America dropped 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. Jefferies Financial Group raised their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a research report on Tuesday, May 20th. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $14.82.

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.