Swiss National Bank Has $5.87 Million Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Swiss National Bank cut its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,200 shares of the company’s stock after selling 17,000 shares during the period. Swiss National Bank owned 0.28% of ZIM Integrated Shipping Services worth $5,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $220,000. Delphia USA Inc. lifted its position in shares of ZIM Integrated Shipping Services by 7.8% during the third quarter. Delphia USA Inc. now owns 23,876 shares of the company’s stock worth $561,000 after purchasing an additional 1,726 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of ZIM Integrated Shipping Services by 31.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 23,285 shares of the company’s stock worth $526,000 after purchasing an additional 5,632 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $1,194,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of ZIM Integrated Shipping Services by 3.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,197 shares of the company’s stock worth $519,000 after purchasing an additional 962 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Up 4.0 %

Shares of NYSE:ZIM opened at $17.62 on Thursday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $16.19 and a 52 week high of $71.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.53 and a current ratio of 1.60. The company has a market capitalization of $2.12 billion, a PE ratio of 0.46 and a beta of 2.11. The company has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $20.45.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last issued its earnings results on Monday, March 13th. The company reported $3.44 EPS for the quarter, beating the consensus estimate of $2.26 by $1.18. ZIM Integrated Shipping Services had a net margin of 36.77% and a return on equity of 87.07%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $14.17 earnings per share. Analysts forecast that ZIM Integrated Shipping Services Ltd. will post -1.44 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 24th were given a dividend of $6.40 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. The ex-dividend date was Tuesday, April 4th. This represents a $25.60 annualized dividend and a dividend yield of 145.29%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 66.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of ZIM Integrated Shipping Services from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $20.80 in a research report on Friday, April 21st. Jefferies Financial Group restated a “hold” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Monday, March 13th. Barclays lowered shares of ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $26.50 to $15.00 in a report on Monday, February 13th. Finally, TheStreet lowered shares of ZIM Integrated Shipping Services from a “c-” rating to a “d+” rating in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $25.16.

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.