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

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.

ZIM Integrated Shipping Services Company Profile

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.