Walleye Capital LLC Sells 15,003 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Walleye Capital LLC lessened its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 52.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,825 shares of the company’s stock after selling 15,003 shares during the quarter. Walleye Capital LLC’s holdings in ZIM Integrated Shipping Services were worth $1,005,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ZIM. Pictet Asset Management SA purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $267,000. JPMorgan Chase & Co. raised its stake in shares of ZIM Integrated Shipping Services by 61.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,399,431 shares of the company’s stock worth $82,370,000 after acquiring an additional 533,816 shares in the last quarter. Equitable Holdings Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 25.2% in the 4th quarter. Equitable Holdings Inc. now owns 6,781 shares of the company’s stock worth $399,000 after acquiring an additional 1,365 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $177,000. Finally, Rokos Capital Management LLP bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $10,012,000. 42.82% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $28.74 on Tuesday. The company has a market cap of $3.45 billion, a P/E ratio of 0.56 and a beta of 2.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.64 and a quick ratio of 1.57. The firm has a 50-day moving average of $43.81 and a 200 day moving average of $55.37. ZIM Integrated Shipping Services Ltd. has a 1 year low of $28.46 and a 1 year 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. Stockholders of record on Monday, August 29th were paid a $4.75 dividend. This represents a $19.00 annualized dividend and a dividend yield of 66.11%. The ex-dividend date was Friday, August 26th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.85. ZIM Integrated Shipping Services’s dividend payout ratio is currently 36.83%.

Analyst Ratings Changes

Several analysts have issued reports on ZIM shares. Clarkson Capital restated a “neutral” rating on shares of ZIM Integrated Shipping Services in a research report on Tuesday, June 14th. Jefferies Financial Group initiated coverage on ZIM Integrated Shipping Services in a research report on Wednesday, July 20th. They set a “hold” rating and a $55.00 price target on the stock. 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 note on Friday, June 17th. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $76.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Friday, August 19th. Finally, Citigroup cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.83.

ZIM Integrated Shipping Services Profile

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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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