ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Down 4.8% – Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price traded down 4.8% during trading on Thursday . The stock traded as low as $16.62 and last traded at $16.68. 4,741,774 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 6,252,974 shares. The stock had previously closed at $17.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group reduced their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.00 billion, a P/E ratio of 1.39, a PEG ratio of 0.22 and a beta of 1.77. The company’s fifty day moving average price is $21.26 and its 200 day moving average price is $20.63.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $2.81 per share. This represents a $11.24 dividend on an annualized basis and a dividend yield of 67.81%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently bought and sold shares of the company. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after purchasing an additional 1,850 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at $69,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $71,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

About ZIM Integrated Shipping Services

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.