Numerai GP LLC Sells 86,255 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Numerai GP LLC lessened its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 76.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,196 shares of the company’s stock after selling 86,255 shares during the period. Numerai GP LLC’s holdings in ZIM Integrated Shipping Services were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd boosted its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $79,000. R Squared Ltd bought a new stake in ZIM Integrated Shipping Services in the fourth quarter worth about $88,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $18.23 on Thursday. The firm has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $18.83. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 1.53, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate 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 net margin of 19.26% and a return on equity of 48.63%. On average, analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS 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. Investors 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 dividend on an annualized basis and a dividend yield of 69.56%. 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 analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of ZIM Integrated Shipping Services from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Bank of America cut their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a report on Friday, April 11th. Finally, Barclays cut their price target on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.66.

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.