Boston Partners purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,358 shares of the company's stock, valued at approximately $845,000.
Several other large investors have also recently added to or reduced their stakes in ZIM. Sunbelt Securities Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock valued at $87,000 after purchasing an additional 1,900 shares during the last quarter. R Squared Ltd bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $88,000. HighTower Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $263,000. Finally, Copperwynd Financial LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter valued at $301,000. Institutional investors and hedge funds own 21.42% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on ZIM. JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays reduced their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating for the company in a research note on Monday, March 17th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $13.54.
Check Out Our Latest Stock Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Up 2.1 %
ZIM traded up $0.32 during trading on Wednesday, reaching $15.52. 4,723,187 shares of the stock were exchanged, compared to its average volume of 5,715,759. 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 stock's 50 day moving average price is $18.75 and its two-hundred day moving average price is $20.59. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.56 and a twelve month high of $30.15. The stock has a market cap of $1.87 billion, a P/E ratio of 1.30, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. Equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid 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 81.70%. 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 is 6.51%.
ZIM Integrated Shipping Services Company Profile
(
Free Report)
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.
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