American Century Companies Inc. Has $41.10 Million Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

American Century Companies Inc. trimmed its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,914,084 shares of the company’s stock after selling 6,757 shares during the period. American Century Companies Inc.’s holdings in ZIM Integrated Shipping Services were worth $41,095,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZIM. Quantbot Technologies LP increased its holdings in ZIM Integrated Shipping Services by 36.0% during the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock worth $10,815,000 after purchasing an additional 133,234 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of ZIM Integrated Shipping Services by 32.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company’s stock worth $2,030,000 after buying an additional 23,144 shares in the last quarter. Boston Partners acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $845,000. Counterpoint Mutual Funds LLC lifted its stake in ZIM Integrated Shipping Services by 45.7% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 81,472 shares of the company’s stock valued at $1,749,000 after acquiring an additional 25,555 shares in the last quarter. Finally, Copperwynd Financial LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $301,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Trading Down 0.4 %

NYSE ZIM opened at $15.41 on Friday. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.75 and a 12 month 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 stock has a 50 day moving average of $18.69 and a 200-day moving average of $20.52. The company has a market cap of $1.85 billion, a PE ratio of 1.29, a PEG ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced 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. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be issued a dividend of $3.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 82.31%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 6.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZIM shares. JPMorgan Chase & Co. decreased their price target on shares of 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays cut their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research report on Monday, March 17th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.54.

About ZIM Integrated Shipping Services

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.