ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 47.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,725 shares of the company’s stock after selling 35,049 shares during the quarter. XTX Topco Ltd’s holdings in ZIM Integrated Shipping Services were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairman Group LLC purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at about $69,000. Finally, Farther Finance Advisors LLC raised its position in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock valued at $76,000 after buying an additional 2,450 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $20.33 on Wednesday. The company has a 50 day moving average of $22.57 and a 200-day moving average of $20.75. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.97 and a 1-year 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 has a market cap of $2.45 billion, a PE ratio of 1.70, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $2.81 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 55.29%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Wall Street Analyst Weigh In

ZIM has been the topic of a number of analyst reports. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. reissued 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 upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Finally, Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.74.

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.