ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 4,150,000 shares, a decline of 19.1% from the April 30th total of 5,130,000 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily trading volume, of 5,560,000 shares, the short-interest ratio is presently 0.7 days.
A number of large investors have recently made changes to their positions in ZIM. Renaissance Technologies LLC raised its holdings in ZIM Integrated Shipping Services by 166.9% during the 1st quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock worth $295,387,000 after purchasing an additional 2,540,500 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in ZIM Integrated Shipping Services by 350.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,682,724 shares of the company’s stock worth $234,088,000 after purchasing an additional 2,087,230 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ZIM Integrated Shipping Services by 123.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,433,175 shares of the company’s stock worth $249,626,000 after purchasing an additional 1,897,990 shares during the last quarter. Marshall Wace LLP raised its holdings in ZIM Integrated Shipping Services by 204.8% during the 4th quarter. Marshall Wace LLP now owns 2,708,036 shares of the company’s stock worth $159,397,000 after purchasing an additional 1,819,550 shares during the last quarter. Finally, Credit Suisse AG raised its holdings in ZIM Integrated Shipping Services by 5,999.9% during the 4th quarter. Credit Suisse AG now owns 964,764 shares of the company’s stock worth $56,786,000 after purchasing an additional 948,948 shares during the last quarter. 47.33% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on ZIM shares. Jefferies Financial Group lifted their price target on shares of ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 10th. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 10th. Finally, Zacks Investment Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average target price of $78.80.
Shares of ZIM Integrated Shipping Services stock traded down $4.35 during trading on Tuesday, reaching $63.68. The company’s stock had a trading volume of 226,353 shares, compared to its average volume of 5,407,786. The stock has a 50-day moving average price of $63.09 and a two-hundred day moving average price of $63.10. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. ZIM Integrated Shipping Services has a one year low of $33.71 and a one year high of $91.23. The stock has a market capitalization of $7.63 billion, a P/E ratio of 1.32 and a beta of 2.41.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last released its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.65 by $1.54. ZIM Integrated Shipping Services had a return on equity of 167.57% and a net margin of 45.36%. The business had revenue of $3.72 billion during the quarter. During the same period in the prior year, the firm earned $5.13 earnings per share. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services will post 41.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Tuesday, May 31st will be issued a dividend of $2.85 per share. The ex-dividend date is Friday, May 27th. This represents a $11.40 annualized dividend and a yield of 17.90%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 23.80%.
About ZIM Integrated Shipping Services (Get Rating)
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.
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