FNY Investment Advisers LLC Has $2.25 Million Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

FNY Investment Advisers LLC trimmed its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 105,860 shares of the company’s stock after selling 23,940 shares during the period. FNY Investment Advisers LLC’s holdings in ZIM Integrated Shipping Services were worth $2,247,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fifth Lane Capital LP acquired a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at about $542,000. Yelin Lapidot Holdings Management Ltd. increased its stake in shares of ZIM Integrated Shipping Services by 96.7% in the third quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after buying an additional 1,191,480 shares during the period. Sierra Summit Advisors LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $854,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $3,173,000. Finally, Causeway Capital Management LLC boosted its position in ZIM Integrated Shipping Services by 52.2% during the 3rd quarter. Causeway Capital Management LLC now owns 1,082,641 shares of the company’s stock worth $14,670,000 after buying an additional 371,277 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Barclays increased their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their target price for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $17.48.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $26.25 on Friday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 6.59 and a beta of 1.55. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.03 and a 52-week high of $29.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.15 and a current ratio of 1.23. The stock’s 50 day moving average price is $25.67 and its two-hundred day moving average price is $20.30.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. ZIM Integrated Shipping Services had a net margin of 6.94% and a return on equity of 9.33%. The company had revenue of $1.48 billion during the quarter. On average, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 13.4%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 20th. ZIM Integrated Shipping Services’s payout ratio is presently 1.51%.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.