2 weeks Ago By ABMN Staff
KLP Kapitalforvaltning AS bought a new position in shares of ZIM Integrated Shipping Services Ltd. ( NYSE:ZIM – Free Report ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,500 shares of the company’s stock, valued at approximately $483,000.
A number of other hedge funds have also made changes to their positions in ZIM. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth about $71,000.
R Squared Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $88,000. HighTower Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at $263,000. Copperwynd Financial LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $301,000.
Finally, Truist Financial Corp lifted its stake in ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock valued at $318,000 after buying an additional 1,376 shares in the last quarter.
Institutional investors and hedge funds own 21.42% of the company’s stock. Analyst Ratings Changes A number of brokerages have commented on ZIM.
Jefferies Financial Group restated a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. JPMorgan Chase & Co.
decreased their price objective 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.
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 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 company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average target price of $13.
54. ZIM Integrated Shipping Services Price Performance ZIM Integrated Shipping Services stock opened at $13.52 on Friday.
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 current ratio of 1.33, a quick ratio of 1.
26 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.
63 billion, a P/E ratio of 1.13, a PEG ratio of 0.27 and a beta of 1.
70. The business has a 50-day moving average of $18.53 and a 200-day moving average of $20.
43. ZIM Integrated Shipping Services ( NYSE:ZIM – Get Free Report ) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.
66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $1.19.
ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%.
The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion.
On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.
ZIM Integrated Shipping Services Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a dividend of $3.17 per share.
This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.
68 annualized dividend and a dividend yield of 93.82%. The ex-dividend date was Monday, March 24th.
ZIM Integrated Shipping Services’s payout ratio is currently 6.51%. ZIM Integrated Shipping Services Profile ( Free Report ) 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. Read More Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.
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