ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,868 shares of the company’s stock after selling 3,680 shares during the quarter. Fox Run Management L.L.C.’s holdings in ZIM Integrated Shipping Services were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ZIM. Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $71,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after purchasing an additional 1,900 shares during the period. R Squared Ltd acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth about $88,000. HighTower Advisors LLC acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $263,000. Finally, Copperwynd Financial LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $301,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $15.41 on Friday. The business’s fifty day moving average price is $18.69 and its 200 day moving average price is $20.52. 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 company has a market capitalization of $1.85 billion, a PE ratio of 1.29, a P/E/G ratio of 0.27 and a beta of 1.70.

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

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 82.31%. The ex-dividend date of this dividend is Monday, March 24th. 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 currently 6.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZIM. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research report on Monday, March 17th. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.54.

ZIM Integrated Shipping Services Company 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.