ZIM Integrated Shipping Services (NYSE:ZIM) Shares Down 5.4% – Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) fell 5.4% during trading on Wednesday . The stock traded as low as $19.77 and last traded at $19.67. 2,361,346 shares changed hands during trading, a decline of 58% from the average session volume of 5,620,338 shares. The stock had previously closed at $20.79.

Analyst Upgrades and Downgrades

ZIM has been the topic of several analyst reports. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Finally, Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Five research 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’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Trading Down 4.0 %

The firm has a fifty day moving average price of $19.25 and a 200-day moving average price of $20.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 1.67, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.34%. 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. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently modified their holdings of ZIM. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $31,000. American Capital Advisory LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $69,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at about $71,000. Finally, Farther Finance Advisors LLC raised its stake in ZIM Integrated Shipping Services by 467.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after buying an additional 2,450 shares during the period. 21.42% of the stock is currently owned by institutional investors.

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.