ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Holdings Trimmed by Headlands Technologies LLC

Headlands Technologies LLC lowered its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 24.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 80,431 shares of the company’s stock after selling 26,118 shares during the period. Headlands Technologies LLC’s holdings in ZIM Integrated Shipping Services were worth $1,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake 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 worth $46,482,000 after acquiring an additional 674,723 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth approximately $2,612,000. Decker Retirement Planning Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $5,509,000. Truist Financial Corp increased its stake in ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock valued at $318,000 after buying an additional 1,376 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,771,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZIM. Jefferies Financial Group restated a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays lowered their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. cut 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 note on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $15.42 on Wednesday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.75 and a fifty-two week high of $30.15. The stock’s 50-day moving average is $18.61 and its two-hundred day moving average is $20.51. The firm has a market cap of $1.86 billion, a P/E ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. 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) last issued its quarterly earnings data 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. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be issued a dividend of $3.17 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 82.25%. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s dividend 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.