FNY Investment Advisers LLC Has $2.25 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

FNY Investment Advisers LLC decreased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,860 shares of the company’s stock after selling 23,940 shares during the period. FNY Investment Advisers LLC owned approximately 0.09% of ZIM Integrated Shipping Services worth $2,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lodestone Wealth Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $29,000. Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Triumph Capital Management bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $44,000. Larson Financial Group LLC grew its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after buying an additional 1,998 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

ZIM has been the subject of a number of recent analyst reports. Weiss Ratings downgraded ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their price target for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $21.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Barclays raised their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Reduce” and an average target price of $17.48.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock opened at $26.25 on Friday. The business has a fifty day simple moving average of $25.67 and a 200 day simple moving average of $20.30. The company has a market cap of $3.16 billion, a P/E ratio of 6.59 and a beta of 1.55. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $1.48 billion during the quarter. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. On average, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were given a dividend of $0.88 per share. The ex-dividend date was Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a yield of 13.4%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s dividend payout ratio is currently 1.51%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.