Centiva Capital LP Purchases New Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Centiva Capital LP acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 118,070 shares of the company’s stock, valued at approximately $2,535,000.

A number of other hedge funds have also recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC raised its position in ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in ZIM Integrated Shipping Services by 33.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock worth $81,250,000 after buying an additional 940,587 shares during the period. BNP Paribas Financial Markets bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $16,381,000. Causeway Capital Management LLC increased its position in ZIM Integrated Shipping Services by 509.3% in the 4th quarter. Causeway Capital Management LLC now owns 587,518 shares of the company’s stock valued at $12,614,000 after acquiring an additional 491,093 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock valued at $29,823,000 after acquiring an additional 393,215 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays decreased their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Finally, Bank of America decreased their target price on shares of 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. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and a consensus target price of $13.06.

ZIM Integrated Shipping Services Stock Down 10.0 %

Shares of NYSE:ZIM opened at $13.52 on Wednesday. The business’s 50-day moving average is $15.74 and its 200-day moving average is $19.12. 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 market capitalization of $1.63 billion, a price-to-earnings ratio of 1.13, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced 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 the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Equities research 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, April 3rd. Shareholders of record on Monday, March 24th were paid a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 93.82%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services’s payout ratio is 6.51%.

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.