Tidal Investments LLC Raises Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Tidal Investments LLC raised its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,539 shares of the company’s stock after purchasing an additional 13,009 shares during the quarter. Tidal Investments LLC owned 0.07% of ZIM Integrated Shipping Services worth $1,751,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in ZIM Integrated Shipping Services by 50.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in 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 valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. Marshall Wace LLP lifted its holdings in ZIM Integrated Shipping Services by 6.9% during the fourth 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 in the last quarter. Allianz Asset Management GmbH lifted its holdings in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock valued at $29,823,000 after purchasing an additional 393,215 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in ZIM Integrated Shipping Services by 19.1% during the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company’s stock valued at $19,127,000 after purchasing an additional 142,669 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lowered their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Tuesday. Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research report on Friday, April 11th. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $14.05.

ZIM Integrated Shipping Services Trading Down 1.5%

Shares of ZIM opened at $18.01 on Friday. The company’s fifty day moving average is $15.14 and its 200 day moving average is $18.59. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The stock has a market capitalization of $2.17 billion, a PE ratio of 1.51, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Sell-side analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 70.39%. The ex-dividend date was Monday, March 24th. This is a boost 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 Company 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.