Skandinaviska Enskilda Banken AB publ Buys New Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,600 shares of the company’s stock, valued at approximately $764,000.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after buying an additional 674,723 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $2,612,000. Blueshift Asset Management LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $620,000. Quantbot Technologies LP grew its holdings in shares of ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after purchasing an additional 366,647 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $5,509,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $18.35 on Tuesday. The firm has a 50-day moving average of $19.03 and a two-hundred day moving average of $20.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock has a market cap of $2.21 billion, a P/E ratio of 1.54, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a dividend yield of 69.09%. The ex-dividend date is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s payout ratio is 6.51%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and a consensus target price of $13.54.

ZIM Integrated Shipping Services Profile

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.