Envestnet Asset Management Inc. Lowers Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Envestnet Asset Management Inc. lessened its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,734 shares of the company’s stock after selling 3,750 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ZIM Integrated Shipping Services were worth $381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ExodusPoint Capital Management LP grew its stake in shares of ZIM Integrated Shipping Services by 134.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 172,226 shares of the company’s stock worth $3,698,000 after buying an additional 98,799 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ZIM Integrated Shipping Services by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 95,839 shares of the company’s stock valued at $2,058,000 after acquiring an additional 7,753 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 acquiring an additional 940,587 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth about $79,000. Finally, WINTON GROUP Ltd bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth about $220,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 2.7 %

NYSE:ZIM opened at $15.00 on Tuesday. The company has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $19.16. The company has a market cap of $1.81 billion, a PE ratio of 1.26, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.04 and a 12 month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 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 Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 84.56%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 6.51%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZIM shares. JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Barclays lowered their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Bank of America cut their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.06.

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.