Jump Financial LLC boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 890,867 shares of the company's stock after acquiring an additional 142,669 shares during the period. Jump Financial LLC owned 0.74% of ZIM Integrated Shipping Services worth $19,127,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $45,000. Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $71,000. Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $79,000. R Squared Ltd purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $88,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of 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 valued at $92,000 after buying an additional 900 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Stock Up 2.0 %
ZIM stock traded up $0.27 during trading on Friday, hitting $13.75. 3,044,160 shares of the company's stock traded hands, compared to its average volume of 6,117,158. The firm has a market capitalization of $1.66 billion, a P/E ratio of 1.15, a PEG ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.75 and a 1 year high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $19.64.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (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 business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current 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 given a $3.17 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 92.19%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.
Wall Street Analysts Forecast Growth
ZIM has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Bank of America cut their price objective on shares of 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. Barclays dropped their price target 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. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.06.
Check Out Our Latest Research Report on ZIM
ZIM Integrated Shipping Services Profile
(
Free Report)
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.
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