Fox Run Management L.L.C. Reduces Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Fox Run Management L.L.C. lessened its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,868 shares of the company’s stock after selling 3,680 shares during the period. Fox Run Management L.L.C.’s holdings in ZIM Integrated Shipping Services were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $71,000. Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after acquiring an additional 1,900 shares during the period. R Squared Ltd acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $88,000. HighTower Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $263,000. Finally, Copperwynd Financial LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $301,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays dropped their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.54.

ZIM Integrated Shipping Services Stock Down 0.4 %

Shares of NYSE ZIM opened at $15.41 on Friday. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.75 and a 52-week 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’s 50-day simple moving average is $18.69 and its 200-day simple moving average is $20.52. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Equities analysts predict 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. Shareholders of record on Monday, March 24th will be issued a $3.17 dividend. 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 82.31%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 6.51%.

ZIM Integrated Shipping Services Company 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.