Tudor Investment Corp ET AL Takes Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Tudor Investment Corp ET AL bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 156,022 shares of the company's stock, valued at approximately $3,350,000. Tudor Investment Corp ET AL owned 0.13% of ZIM Integrated Shipping Services at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in ZIM Integrated Shipping Services by 50.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after buying an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares in the last quarter. Marshall Wace LLP raised its stake in ZIM Integrated Shipping Services by 6.9% in the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after purchasing an additional 124,558 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after purchasing an additional 393,215 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Down 10.0 %

Shares of ZIM stock traded down $1.51 during trading on Tuesday, hitting $13.52. 9,709,707 shares of the stock traded hands, compared to its average volume of 6,122,161. The firm has a market capitalization 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 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 current ratio of 1.33 and a quick ratio of 1.26. The firm's fifty day moving average price is $15.87 and its 200-day moving average price is $19.16.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates 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, research 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 93.82%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

Analysts Set New Price Targets

ZIM has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays cut their price objective on shares of 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. Bank of America decreased their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.06.

ZIM Integrated Shipping Services 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.