UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,186 shares of the company's stock after purchasing an additional 68,708 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of ZIM Integrated Shipping Services worth $6,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its holdings in ZIM Integrated Shipping Services by 150.2% in the fourth quarter. Northern Trust Corp now owns 212,148 shares of the company's stock valued at $4,555,000 after purchasing an additional 127,367 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $1,771,000. HighTower Advisors LLC boosted 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 valued at $263,000 after buying an additional 2,080 shares in the last quarter. Truist Financial Corp grew its position in shares of ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after buying an additional 1,376 shares during the last quarter. Finally, Mariner LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth $735,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 2.2%

NYSE:ZIM traded up $0.37 on Friday, hitting $17.53. 4,177,419 shares of the stock were exchanged, compared to its average volume of 6,073,560. The stock has a market cap of $2.11 billion, a PE ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $15.35 and a 200-day moving average of $18.04.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.01 billion during 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 in the prior year, the company earned $0.75 EPS. As a group, equities analysts expect 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 announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd will be paid a $0.74 dividend. This represents a dividend yield of 16.96%. The ex-dividend date is Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is presently 5.94%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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. Barclays boosted their target price on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a report on Wednesday, May 28th. 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 research note on Tuesday, May 20th. Clarkson Capital cut 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 note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $14.42.

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.