ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 5.4% – Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares were down 5.4% during trading on Wednesday . The company traded as low as $19.77 and last traded at $19.67. Approximately 2,361,346 shares were traded during trading, a decline of 58% from the average daily volume of 5,620,338 shares. The stock had previously closed at $20.79.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZIM. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Barclays dropped their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group dropped their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Stock Down 4.0 %

The stock has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $20.50. The firm has a market cap of $2.40 billion, a PE ratio of 1.67, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $2.81 per share. This represents a $11.24 dividend on an annualized basis and a yield of 56.34%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after acquiring an additional 674,723 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after purchasing an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $2,612,000. Blueshift Asset Management LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $620,000. Finally, Quantbot Technologies LP boosted its stake in ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after buying an additional 366,647 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

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.