American Century Companies Inc. Sells 6,757 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

American Century Companies Inc. trimmed its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,914,084 shares of the company’s stock after selling 6,757 shares during the quarter. American Century Companies Inc. owned 1.59% of ZIM Integrated Shipping Services worth $41,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ZIM. Quantbot Technologies LP grew its position in ZIM Integrated Shipping Services by 36.0% during the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock worth $10,815,000 after acquiring an additional 133,234 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in ZIM Integrated Shipping Services by 32.4% during the 4th quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company’s stock worth $2,030,000 after acquiring an additional 23,144 shares during the last quarter. Boston Partners acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $845,000. Counterpoint Mutual Funds LLC raised its stake in shares of ZIM Integrated Shipping Services by 45.7% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 81,472 shares of the company’s stock worth $1,749,000 after acquiring an additional 25,555 shares during the last quarter. Finally, Copperwynd Financial LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $301,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Down 0.4 %

NYSE:ZIM opened at $15.41 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 12-month low of $9.75 and a 12-month high of $30.15. The stock’s fifty day simple moving average is $18.69 and its 200-day simple moving average is $20.52. The firm has a market capitalization of $1.85 billion, a P/E ratio of 1.29, a P/E/G ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current 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 given a $3.17 dividend. The ex-dividend date is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 82.31%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is currently 6.51%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on 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. Finally, Barclays dropped their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.