SG Americas Securities LLC Decreases Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SG Americas Securities LLC reduced its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 252,820 shares of the company’s stock after selling 90,761 shares during the period. SG Americas Securities LLC’s holdings in ZIM Integrated Shipping Services were worth $5,428,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ZIM. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after acquiring an additional 1,850 shares during the period. American Capital Advisory LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at $69,000. Finally, Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at $71,000. 21.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Fearnley Fonds lowered 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 on the stock in a research note on Tuesday, December 17th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $16.89 on Friday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. 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 $2.03 billion, a P/E ratio of 1.41, a PEG ratio of 0.21 and a beta of 1.77. The stock’s 50 day moving average is $20.62 and its 200 day moving average is $20.46.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a dividend yield of 66.55%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

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.