UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 38,625 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,478 shares of the company’s stock after selling 38,625 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of ZIM Integrated Shipping Services worth $5,529,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ZIM. California State Teachers Retirement System grew its stake in ZIM Integrated Shipping Services by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock valued at $1,060,000 after purchasing an additional 2,423 shares during the period. Cetera Advisors LLC bought a new position in ZIM Integrated Shipping Services in the 1st quarter valued at $130,000. SG Americas Securities LLC grew its stake in ZIM Integrated Shipping Services by 80.1% in the 2nd quarter. SG Americas Securities LLC now owns 25,897 shares of the company’s stock valued at $574,000 after purchasing an additional 11,520 shares during the period. Blue Trust Inc. grew its stake in ZIM Integrated Shipping Services by 216.4% in the 2nd quarter. Blue Trust Inc. now owns 9,583 shares of the company’s stock valued at $212,000 after purchasing an additional 6,554 shares during the period. Finally, Van ECK Associates Corp grew its stake in ZIM Integrated Shipping Services by 9.6% in the 2nd quarter. Van ECK Associates Corp now owns 37,488 shares of the company’s stock valued at $831,000 after purchasing an additional 3,296 shares during the period. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ZIM. Jefferies Financial Group reaffirmed a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, Bank of America increased their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.74.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $20.33 on Wednesday. The stock’s 50-day simple moving average is $22.57 and its 200 day simple moving average is $20.75. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.97 and a 52-week high of $30.15. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 1.70, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 55.29%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

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.