Maven Securities LTD Reduces Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Maven Securities LTD decreased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 88.5% in the first quarter, HoldingsChannel.com reports. The fund owned 5,461 shares of the company’s stock after selling 42,200 shares during the period. Maven Securities LTD’s holdings in ZIM Integrated Shipping Services were worth $397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in ZIM Integrated Shipping Services by 166.9% in the first quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock worth $295,387,000 after purchasing an additional 2,540,500 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in ZIM Integrated Shipping Services by 350.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,682,724 shares of the company’s stock worth $234,088,000 after purchasing an additional 2,087,230 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ZIM Integrated Shipping Services by 123.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,433,175 shares of the company’s stock worth $249,626,000 after purchasing an additional 1,897,990 shares in the last quarter. Marshall Wace LLP raised its holdings in ZIM Integrated Shipping Services by 204.8% in the fourth quarter. Marshall Wace LLP now owns 2,708,036 shares of the company’s stock worth $159,397,000 after purchasing an additional 1,819,550 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in ZIM Integrated Shipping Services by 5,999.9% in the fourth quarter. Credit Suisse AG now owns 964,764 shares of the company’s stock worth $56,786,000 after purchasing an additional 948,948 shares in the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZIM. Jefferies Financial Group assumed coverage on ZIM Integrated Shipping Services in a report on Wednesday, July 20th. They issued a “hold” rating and a $55.00 price objective for the company. Clarkson Capital restated a “neutral” rating on shares of ZIM Integrated Shipping Services in a report on Tuesday, June 14th. Barclays reduced their price target on ZIM Integrated Shipping Services from $76.00 to $63.00 and set an “equal weight” rating for the company in a report on Friday, August 19th. Citigroup cut ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $43.60 to $53.30 in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average price target of $52.83.

ZIM Integrated Shipping Services Trading Up 1.9 %

Shares of NYSE:ZIM opened at $32.06 on Monday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 0.62 and a beta of 2.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.57 and a current ratio of 1.64. The stock’s 50-day simple moving average is $45.30 and its two-hundred day simple moving average is $57.12. ZIM Integrated Shipping Services Ltd. has a 52-week low of $30.15 and a 52-week high of $91.23.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Monday, August 29th were given a $4.75 dividend. This represents a $19.00 annualized dividend and a yield of 59.26%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.85. The ex-dividend date of this dividend was Friday, August 26th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 36.83%.

ZIM Integrated Shipping Services Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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