LPL Financial LLC Has $3.24 Million Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

LPL Financial LLC trimmed its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 37.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,011 shares of the company's stock after selling 89,760 shares during the quarter. LPL Financial LLC owned 0.13% of ZIM Integrated Shipping Services worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the third quarter valued at $263,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $3,364,000. Geode Capital Management LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company's stock valued at $2,260,000 after buying an additional 2,873 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $71,000. Finally, Virtu Financial LLC acquired a new position in ZIM Integrated Shipping Services in the third quarter worth approximately $893,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on ZIM shares. 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 for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Barclays cut their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.36.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded down $0.57 on Tuesday, reaching $13.65. 1,620,387 shares of the stock were exchanged, compared to its average volume of 6,590,458. The firm has a fifty day moving average price of $17.70 and a two-hundred day moving average price of $19.88. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.75 and a twelve month high of $30.15. The stock has a market cap of $1.64 billion, a PE ratio of 1.14, a PEG ratio of 0.27 and a beta of 1.84. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share 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 during the quarter, compared to the consensus estimate of $1.99 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid a dividend of $3.17 per share. The ex-dividend date was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 92.89%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is currently 6.51%.

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.