PDT Partners LLC lessened its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 94.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC lifted its holdings in ZIM Integrated Shipping Services by 5.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 227,800 shares of the company's stock worth $4,891,000 after buying an additional 12,700 shares during the period. Northern Trust Corp lifted its stake in ZIM Integrated Shipping Services by 150.2% in the fourth quarter. Northern Trust Corp now owns 212,148 shares of the company's stock worth $4,555,000 after acquiring an additional 127,367 shares during the period. Tudor Investment Corp ET AL purchased a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $3,350,000. Susquehanna Fundamental Investments LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth $551,000. Finally, Hsbc Holdings PLC lifted its position in shares of ZIM Integrated Shipping Services by 1,344.0% in the 4th quarter. Hsbc Holdings PLC now owns 136,832 shares of the company's stock worth $2,927,000 after purchasing an additional 127,356 shares during the period. 21.42% of the stock is owned by institutional investors.
ZIM Integrated Shipping Services Stock Up 1.0 %
Shares of ZIM traded up $0.14 during trading hours on Wednesday, hitting $13.60. The company had a trading volume of 3,852,667 shares, compared to its average volume of 6,110,909. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 1.14, a P/E/G ratio of 0.27 and a beta of 1.84. The firm has a fifty day moving average price of $15.74 and a 200-day moving average price of $19.12. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted 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 net margin of 19.26% and a return on equity of 48.63%. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 93.27%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ZIM. Bank of America decreased 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. Jefferies Financial Group restated 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Barclays decreased their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Five equities research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.06.
Check Out Our Latest Report on ZIM
ZIM Integrated Shipping Services Company 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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