Numerai GP LLC Reduces Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Numerai GP LLC trimmed its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 76.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,196 shares of the company's stock after selling 86,255 shares during the period. Numerai GP LLC's holdings in ZIM Integrated Shipping Services were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ZIM. Raymond James Financial Inc. acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $1,771,000. Decker Retirement Planning Inc. purchased a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at about $5,509,000. HighTower Advisors LLC increased its holdings 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 valued at $263,000 after purchasing an additional 2,080 shares during the period. Truist Financial Corp raised its stake 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 purchasing an additional 1,376 shares during the last quarter. Finally, Mariner LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $735,000. Institutional investors own 21.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZIM. Bank of America reduced their target price on shares of 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. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a report 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 objective on the stock. in a report on Tuesday. Jefferies Financial Group raised their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of "Reduce" and an average target price of $14.05.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded down $0.92 during midday trading on Tuesday, hitting $18.45. 5,092,053 shares of the stock were exchanged, compared to its average volume of 6,181,176. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock's 50-day moving average price is $15.14 and its 200-day moving average price is $18.68. 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 $2.22 billion, a price-to-earnings ratio of 1.54, a PEG ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly 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. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $0.75 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 68.72%. 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 presently 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.