SG Americas Securities LLC Trims Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SG Americas Securities LLC lessened its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 252,820 shares of the company’s stock after selling 90,761 shares during the period. SG Americas Securities LLC owned approximately 0.21% of ZIM Integrated Shipping Services worth $5,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ZIM. JPMorgan Chase & Co. raised its position in shares of ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after buying an additional 674,723 shares in the last quarter. International Assets Investment Management LLC increased its stake in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $2,612,000. Blueshift Asset Management LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $620,000. Finally, Quantbot Technologies LP grew its holdings in shares of ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after purchasing an additional 366,647 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $16.89 on Friday. The firm has a fifty day simple moving average of $20.62 and a two-hundred day simple moving average of $20.46. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. The company has a market capitalization of $2.03 billion, a PE ratio of 1.41, a P/E/G ratio of 0.21 and a beta of 1.77. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a yield of 66.55%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays dropped their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. 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. Jefferies Financial Group lowered their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. 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. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average price target of $15.04.

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.