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

Teacher Retirement System of Texas lowered its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 42.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors have also bought and sold shares of ZIM. Lazard Asset Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 4.9% in the 4th quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock worth $331,000 after acquiring an additional 722 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after acquiring an additional 900 shares during the last quarter. Regatta Capital Group LLC raised its holdings in shares of ZIM Integrated Shipping Services by 7.6% in the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock worth $214,000 after acquiring an additional 1,040 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of 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 acquiring an additional 2,080 shares during the last quarter. Institutional investors own 21.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Bank of America decreased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Clarkson Capital downgraded shares of 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. Finally, Barclays increased their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research report on Friday, June 27th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM traded up $0.00 during trading hours on Friday, hitting $15.40. The stock had a trading volume of 2,234,094 shares, compared to its average volume of 6,159,315. The company has a 50 day simple moving average of $16.84 and a two-hundred day simple moving average of $17.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year high of $30.15. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 0.79, a P/E/G ratio of 0.27 and a beta of 1.76.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.75 EPS. Research analysts forecast 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 business also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.74 per share. This represents a dividend yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is currently 4.76%.

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.