PDT Partners LLC Sells 240,330 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

PDT Partners LLC lessened its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 94.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,962 shares of the company’s stock after selling 240,330 shares during the quarter. PDT Partners LLC’s holdings in ZIM Integrated Shipping Services were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC lifted its holdings in ZIM Integrated Shipping Services by 5.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 227,800 shares of the company’s stock worth $4,891,000 after buying an additional 12,700 shares during the period. Northern Trust Corp raised its position in shares of ZIM Integrated Shipping Services by 150.2% in the 4th quarter. Northern Trust Corp now owns 212,148 shares of the company’s stock worth $4,555,000 after acquiring an additional 127,367 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $3,350,000. Susquehanna Fundamental Investments LLC bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $551,000. Finally, Hsbc Holdings PLC grew its stake in ZIM Integrated Shipping Services by 1,344.0% in the fourth quarter. Hsbc Holdings PLC now owns 136,832 shares of the company’s stock valued at $2,927,000 after purchasing an additional 127,356 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Bank of America lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research report on Friday, April 11th. Finally, Barclays reduced their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.06.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $15.41 on Friday. The business has a fifty day moving average of $16.01 and a 200 day moving average of $19.24. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 82.28%. The ex-dividend date was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 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.