Swiss National Bank Has $4.40 Million Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Swiss National Bank increased its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,700 shares of the company’s stock after buying an additional 15,600 shares during the quarter. Swiss National Bank owned 0.17% of ZIM Integrated Shipping Services worth $4,395,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of ZIM Integrated Shipping Services by 59.4% during the third 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 in the last quarter. Allianz Asset Management GmbH grew its position in ZIM Integrated Shipping Services by 39.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after acquiring an additional 393,215 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after purchasing an additional 36,692 shares in the last quarter. Quantbot Technologies LP raised its position 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 valued at $9,506,000 after purchasing an additional 366,647 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $5,509,000. 21.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays dropped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. 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 research note on Friday, March 7th. Five investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Stock Down 2.8 %

ZIM Integrated Shipping Services stock opened at $15.19 on Wednesday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 1.27, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.56 and a 52-week high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a 50 day moving average price of $18.75 and a two-hundred day moving average price of $20.59.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a dividend of $3.17 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 83.48%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

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.