DekaBank Deutsche Girozentrale trimmed its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) by 79.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,879 shares of the company's stock after selling 18,406 shares during the period. DekaBank Deutsche Girozentrale's holdings in ZIM Integrated Shipping Services were worth $89,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $35,000. Founders Capital Management grew its stake in ZIM Integrated Shipping Services by 525.0% in the 4th quarter. Founders Capital Management now owns 2,500 shares of the company's stock worth $43,000 after acquiring an additional 2,100 shares during the period. IFP Advisors Inc grew its stake in ZIM Integrated Shipping Services by 206.0% in the 3rd quarter. IFP Advisors Inc now owns 6,313 shares of the company's stock worth $74,000 after acquiring an additional 4,250 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in ZIM Integrated Shipping Services by 1,024.3% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 3,373 shares of the company's stock worth $79,000 after acquiring an additional 3,073 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth approximately $112,000. 36.74% of the stock is owned by hedge funds and other institutional investors.
Get ZIM Integrated Shipping Services alerts:ZIM Integrated Shipping Services Stock Down 4.0 %
Shares of ZIM opened at $18.48 on Tuesday. The firm has a market cap of $2.22 billion, a PE ratio of 0.48 and a beta of 2.12. The company's fifty day moving average is $21.75 and its two-hundred day moving average is $21.27. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $16.23 and a fifty-two week high of $71.40. The company has a quick ratio of 1.53, a current ratio of 1.60 and a debt-to-equity ratio of 0.49.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its earnings results on Monday, March 13th. The company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.26 by $1.18. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.06 billion. ZIM Integrated Shipping Services had a net margin of 36.77% and a return on equity of 87.07%. During the same quarter in the previous year, the business posted $14.17 EPS. Analysts forecast that ZIM Integrated Shipping Services Ltd. will post -0.69 earnings per share for the current year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 24th were issued a dividend of $6.40 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.95. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $25.60 annualized dividend and a dividend yield of 138.53%. ZIM Integrated Shipping Services's payout ratio is presently 66.74%.
Analysts Set New Price Targets
ZIM has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of ZIM Integrated Shipping Services from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $27.00 to $20.80 in a research note on Friday. TheStreet raised shares of ZIM Integrated Shipping Services from a "d" rating to a "c-" rating in a research note on Tuesday, March 28th. Jefferies Financial Group reiterated a "hold" rating and issued a $20.00 price target on shares of ZIM Integrated Shipping Services in a report on Monday, March 13th. Finally, Barclays lowered shares of ZIM Integrated Shipping Services from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $26.50 to $15.00 in a report on Monday, February 13th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $25.16.
About ZIM Integrated Shipping Services
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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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