ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Holdings Cut by Headlands Technologies LLC

Headlands Technologies LLC cut its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,431 shares of the company’s stock after selling 26,118 shares during the quarter. Headlands Technologies LLC owned approximately 0.07% of ZIM Integrated Shipping Services worth $1,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZIM. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth $71,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $79,000. R Squared Ltd bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $88,000. Mark Sheptoff Financial Planning LLC boosted its stake in ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock valued at $92,000 after purchasing an additional 900 shares during the period. Finally, WINTON GROUP Ltd bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth about $220,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Finally, Barclays lowered their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a report on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.54.

ZIM Integrated Shipping Services Stock Up 5.7 %

Shares of ZIM stock opened at $15.42 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.75 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The business’s fifty day moving average is $18.61 and its 200-day moving average is $20.51. The stock has a market cap of $1.86 billion, a PE ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a dividend of $3.17 per share. The ex-dividend date is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 82.25%. ZIM Integrated Shipping Services’s dividend 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.