ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 1,344.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,832 shares of the company's stock after purchasing an additional 127,356 shares during the period. Hsbc Holdings PLC owned approximately 0.11% of ZIM Integrated Shipping Services worth $2,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC raised its position in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after buying an additional 900 shares during the period. Altshuler Shaham Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares during the period. Truist Financial Corp grew its holdings in shares of ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after purchasing an additional 1,376 shares during the period. HighTower Advisors LLC grew its holdings in shares of ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after purchasing an additional 2,080 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 21.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZIM shares. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group reiterated a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Finally, Bank of America lowered 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 analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.06.

ZIM Integrated Shipping Services Stock Up 2.5 %

NYSE:ZIM traded up $0.38 on Friday, reaching $15.41. The stock had a trading volume of 3,636,677 shares, compared to its average volume of 6,103,295. The company has a 50-day moving average of $16.01 and a 200 day moving average of $19.24. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.86 billion, a P/E ratio of 1.29, a price-to-earnings-growth 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.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS 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 the consensus estimate of $1.99 billion. On average, research analysts predict 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 paid a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a dividend yield of 82.28%. The ex-dividend date was Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is 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.