ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 94.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,962 shares of the company's stock after selling 240,330 shares during the quarter. PDT Partners LLC's holdings in ZIM Integrated Shipping Services were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZIM. Altshuler Shaham Ltd raised its position in ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $79,000. R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $88,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in ZIM Integrated Shipping Services by 26.5% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after acquiring an additional 900 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Up 4.8 %

Shares of ZIM Integrated Shipping Services stock traded up $0.66 during trading on Thursday, hitting $14.26. 1,981,238 shares of the stock were exchanged, compared to its average volume of 6,199,563. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm's 50-day moving average price is $15.61 and its 200 day moving average price is $19.08. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 1.19, 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 $11.03 and a 12-month 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 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, analysts forecast 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 company also recently declared 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 dividend on an annualized basis and a dividend yield of 88.94%. This is a positive change 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 payout ratio is 6.51%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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. Bank of America dropped 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. Jefferies Financial Group restated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays decreased their target price on 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. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of "Hold" and an average target price of $13.06.

ZIM Integrated Shipping Services Company 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.