Man Group plc Decreases Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Man Group plc decreased its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 86.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,629 shares of the company's stock after selling 69,483 shares during the period. Man Group plc's holdings in ZIM Integrated Shipping Services were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ZIM. Renaissance Technologies LLC raised its stake in shares of ZIM Integrated Shipping Services by 50.0% in the fourth 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 period. Arrowstreet Capital Limited Partnership increased 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 worth $81,250,000 after acquiring an additional 940,587 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $16,381,000. Nomura Holdings Inc. purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $13,148,000. Finally, Nuveen Asset Management LLC lifted its holdings in ZIM Integrated Shipping Services by 750.0% during the fourth quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock valued at $13,437,000 after purchasing an additional 552,206 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock traded up $0.14 on Thursday, reaching $17.20. The company's stock had a trading volume of 4,882,996 shares, compared to its average volume of 6,154,436. The company has a market capitalization of $2.07 billion, a P/E ratio of 1.44, a PEG ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.04 and a 12-month high of $30.15. The stock's 50 day simple moving average is $15.10 and its 200-day simple moving average is $18.44. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

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

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 73.71%. ZIM Integrated Shipping Services's payout ratio is presently 5.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of 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 boosted their target price on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a report on Wednesday. Bank of America cut their price target on 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. Finally, Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a report on Tuesday, May 20th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of "Reduce" and a consensus price target of $14.42.

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.