Vident Advisory LLC Has $3.16 Million Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Vident Advisory LLC cut its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 147,338 shares of the company's stock after selling 13,298 shares during the quarter. Vident Advisory LLC owned about 0.12% of ZIM Integrated Shipping Services worth $3,163,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ZIM. Tidal Investments LLC increased its holdings in ZIM Integrated Shipping Services by 19.0% during the 4th quarter. Tidal Investments LLC now owns 81,539 shares of the company's stock worth $1,751,000 after purchasing an additional 13,009 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $14,324,000. Nomura Holdings Inc. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $13,148,000. Nuveen Asset Management LLC grew its stake in shares of ZIM Integrated Shipping Services by 750.0% during the 4th quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock worth $13,437,000 after acquiring an additional 552,206 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $1,246,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZIM. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a research report on Tuesday. Bank of America lowered their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective 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. Finally, Jefferies Financial Group upped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday. Five investment 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 currently has an average rating of "Reduce" and a consensus target price of $14.05.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded down $0.28 during mid-day trading on Friday, hitting $18.01. 5,884,148 shares of the company's stock traded hands, compared to its average volume of 6,173,804. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $18.64. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a P/E/G ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the firm earned $0.75 EPS. On average, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a dividend of $3.17 per share. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 70.39%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.

ZIM Integrated Shipping Services 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.