ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 30.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 109,892 shares of the company’s stock after purchasing an additional 25,900 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ZIM Integrated Shipping Services were worth $2,583,000 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. Northwestern Mutual Wealth Management Co. acquired a new position in ZIM Integrated Shipping Services during the second quarter worth $28,000. Private Trust Co. NA acquired a new position in ZIM Integrated Shipping Services during the second quarter worth $56,000. Exchange Traded Concepts LLC boosted its stake in ZIM Integrated Shipping Services by 92.6% during the third quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company’s stock worth $33,000 after buying an additional 676 shares during the last quarter. Focused Wealth Management Inc acquired a new position in ZIM Integrated Shipping Services during the second quarter worth $71,000. Finally, FNY Investment Advisers LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $35,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $17.01 on Monday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $16.23 and a 52 week high of $91.23. The business’s fifty day simple moving average is $20.23 and its 200-day simple moving average is $30.89. The firm has a market cap of $2.04 billion, a PE ratio of 0.35 and a beta of 2.37. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The company reported $9.66 EPS for the quarter, beating the consensus estimate of $9.46 by $0.20. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.01 billion. ZIM Integrated Shipping Services had a return on equity of 118.65% and a net margin of 42.71%. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 37.42 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Tuesday, November 29th were issued a $2.95 dividend. The ex-dividend date of this dividend was Monday, November 28th. This represents a $11.80 annualized dividend and a dividend yield of 69.37%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 24.04%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays lowered their price objective on ZIM Integrated Shipping Services from $63.00 to $26.50 and set an “equal weight” rating on the stock in a research note on Friday, November 18th. TheStreet lowered ZIM Integrated Shipping Services from a “c-” rating to a “d+” rating in a research note on Thursday, September 22nd. The Goldman Sachs Group decreased their price target on ZIM Integrated Shipping Services from $60.00 to $30.00 in a research note on Tuesday, September 20th. Finally, Jefferies Financial Group decreased their price target on ZIM Integrated Shipping Services from $27.00 to $21.00 and set a “hold” rating on the stock in a research note on Tuesday, December 13th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.16.

ZIM Integrated Shipping Services Company 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.

Read More

Want to see what other hedge funds are holding ZIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating).

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

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.com's FREE daily email newsletter.