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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 68,708 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

ZIM Integrated Shipping Services logo with Transportation background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,186 shares of the company's stock after buying an additional 68,708 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of ZIM Integrated Shipping Services worth $6,101,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 50.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after buying an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after purchasing an additional 940,587 shares during the period. BNP Paribas Financial Markets acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth about $16,381,000. Point72 Asset Management L.P. acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $14,324,000. Finally, Nomura Holdings Inc. bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $13,148,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 3.0%

Shares of ZIM traded up $0.49 during trading hours on Thursday, hitting $17.03. 5,258,926 shares of the stock traded hands, compared to its average volume of 6,139,776. The business has a fifty day moving average of $15.26 and a 200-day moving average of $18.17. The firm has a market capitalization of $2.05 billion, a PE ratio of 1.43, a price-to-earnings-growth ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year 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.

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

ZIM Integrated Shipping Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upped their price target on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a research report on Wednesday, May 28th. Jefferies Financial Group boosted their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Bank of America dropped 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 report on Friday, April 11th. 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 report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Five 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.com, ZIM Integrated Shipping Services presently has a consensus rating of "Reduce" and a consensus target price of $14.42.

Check Out Our Latest Analysis on ZIM

ZIM Integrated Shipping Services Company Profile

(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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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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