Vident Advisory LLC Has $3.16 Million Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Vident Advisory LLC trimmed its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,338 shares of the company’s stock after selling 13,298 shares during the period. Vident Advisory LLC’s holdings in ZIM Integrated Shipping Services were worth $3,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZIM. Altshuler Shaham Ltd increased its holdings in ZIM Integrated Shipping Services by 650.0% in the fourth 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 period. Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $45,000. Brown Brothers Harriman & Co. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $79,000. R Squared Ltd acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $88,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings 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 valued at $92,000 after purchasing an additional 900 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on ZIM shares. Clarkson Capital downgraded ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Tuesday. Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research 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 research 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 research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $14.05.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $18.80 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.26 billion, a P/E ratio of 1.57, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The firm’s fifty day simple moving average is $15.16 and its two-hundred day simple moving average is $18.68. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.04 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, analysts predict 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. Stockholders of record on Monday, March 24th were given a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 67.45%. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is 6.51%.

About ZIM Integrated Shipping Services

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.