Graham Capital Management L.P. Increases Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Graham Capital Management L.P. lifted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,560 shares of the company's stock after purchasing an additional 53,715 shares during the quarter. Graham Capital Management L.P. owned 0.10% of ZIM Integrated Shipping Services worth $2,653,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZIM. Raymond James Financial Inc. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $1,771,000. Decker Retirement Planning Inc. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth $5,509,000. HighTower Advisors LLC raised its position in shares of ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after buying an additional 2,080 shares in the last quarter. Truist Financial Corp raised its position in shares of ZIM Integrated Shipping Services by 10.2% in the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after buying an additional 1,376 shares in the last quarter. Finally, Mariner LLC bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $735,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on ZIM shares. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Barclays lowered their target price 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. Bank of America cut their price target on shares of 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. Finally, Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $16.00 and gave the stock a "hold" rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of "Hold" and an average target price of $12.66.

ZIM Integrated Shipping Services Trading Up 5.0%

Shares of NYSE:ZIM traded up $0.82 on Tuesday, reaching $17.08. 8,444,775 shares of the company traded hands, compared to its average volume of 6,092,283. The stock has a market capitalization of $2.06 billion, a P/E ratio of 1.43, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The business's 50-day simple moving average is $15.28 and its 200 day simple moving average is $18.83. 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 Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, equities analysts anticipate 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. Stockholders of record on Monday, March 24th were paid a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 74.24%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

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.