Vident Advisory LLC Lowers Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Vident Advisory LLC lowered its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,338 shares of the company's stock after selling 13,298 shares during the period. Vident Advisory LLC owned approximately 0.12% of ZIM Integrated Shipping Services worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ZIM. Altshuler Shaham Ltd increased its stake in ZIM Integrated Shipping Services by 650.0% during the fourth 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. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $79,000. R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $88,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in ZIM Integrated Shipping Services by 26.5% during 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 in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM traded down $0.28 during mid-day trading on Monday, reaching $18.01. 5,884,148 shares of the company's stock were exchanged, compared to its average volume of 6,159,420. The business's fifty day simple moving average is $15.14 and its 200-day simple moving average is $18.51. The stock has a market capitalization of $2.17 billion, a PE ratio of 1.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.56. The company had revenue of $2.01 billion for 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 period last year, the firm posted $0.75 EPS. On average, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $3.17 per share. The ex-dividend date was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 70.39%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 5.94%.

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a report on Tuesday, May 20th. Clarkson Capital lowered 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. JPMorgan Chase & Co. decreased their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Barclays dropped their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America decreased their target price on 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. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and a consensus target price of $14.05.

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.