Barclays PLC Reduces Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Barclays PLC lowered its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,265,674 shares of the company’s stock after selling 414,458 shares during the quarter. Barclays PLC owned about 1.06% of ZIM Integrated Shipping Services worth $29,743,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in ZIM Integrated Shipping Services during the second quarter worth about $28,000. Exchange Traded Concepts LLC boosted its stake in ZIM Integrated Shipping Services by 92.6% during the third quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company’s stock worth $33,000 after buying an additional 676 shares during the period. FNY Investment Advisers LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter worth about $35,000. Private Trust Co. NA purchased a new position in ZIM Integrated Shipping Services during the second quarter worth about $56,000. Finally, Focused Wealth Management Inc purchased a new position in ZIM Integrated Shipping Services during the second quarter worth about $71,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of ZIM Integrated Shipping Services from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Tuesday, December 13th. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $63.00 to $26.50 and set an “equal weight” rating on the stock in a research report on Friday, November 18th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.16.

ZIM Integrated Shipping Services Stock Up 5.1 %

Shares of NYSE:ZIM opened at $18.40 on Monday. The firm’s 50 day moving average price is $19.52 and its 200 day moving average price is $30.06. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 0.37 and a beta of 2.37. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $16.23 and a fifty-two week high of $91.23. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last issued its earnings results on Wednesday, November 16th. The company reported $9.66 earnings per share for the quarter, beating the consensus estimate of $9.46 by $0.20. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.01 billion. ZIM Integrated Shipping Services had a net margin of 42.71% and a return on equity of 118.65%. As a group, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 37.1 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Shareholders of record on Tuesday, November 29th were paid a $2.95 dividend. The ex-dividend date was Monday, November 28th. This represents a $11.80 annualized dividend and a yield of 64.13%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 24.04%.

ZIM Integrated Shipping Services Profile

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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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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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