Skandinaviska Enskilda Banken AB publ Takes $764,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,600 shares of the company’s stock, valued at approximately $764,000.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew 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 valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $2,612,000. Blueshift Asset Management LLC acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth $620,000. Quantbot Technologies LP lifted 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 valued at $9,506,000 after buying an additional 366,647 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $5,509,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $18.35 on Tuesday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $19.03 and its two-hundred day moving average price is $20.59. The stock has a market cap of $2.21 billion, a PE ratio of 1.54, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 69.09%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 6.51%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZIM. JPMorgan Chase & Co. dropped 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 report on Friday, March 7th. Barclays cut their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a report on Monday. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $13.54.

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.