Susquehanna Fundamental Investments LLC Buys Shares of 25,653 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Susquehanna Fundamental Investments LLC bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 25,653 shares of the company's stock, valued at approximately $551,000.

Several other institutional investors also recently made changes to their positions in ZIM. Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after purchasing an additional 900 shares during the period. Altshuler Shaham Ltd raised its stake 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 worth $32,000 after acquiring an additional 1,300 shares during the period. Truist Financial Corp grew its stake in 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 buying an additional 1,376 shares during the last quarter. HighTower Advisors LLC boosted its stake in ZIM Integrated Shipping Services by 20.5% during the 4th 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. Finally, Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth $45,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM traded down $1.51 on Tuesday, reaching $13.52. The stock had a trading volume of 9,709,707 shares, compared to its average volume of 6,119,104. The firm has a fifty day moving average of $15.74 and a two-hundred day moving average of $19.12. The company has a market cap of $1.63 billion, a P/E ratio of 1.13, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.99 billion. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a $3.17 dividend. The ex-dividend date was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 93.82%. 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 currently 6.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZIM. Barclays dropped their target price 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. Bank of America cut their price objective on 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. JPMorgan Chase & Co. dropped their price target on shares of 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, Jefferies Financial Group restated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.06.

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.