Boston Partners purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 39,358 shares of the company's stock, valued at approximately $845,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services in the third quarter worth approximately $71,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of ZIM Integrated Shipping Services by 126.7% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock worth $87,000 after purchasing an additional 1,900 shares during the period. R Squared Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $88,000. HighTower Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $263,000. Finally, Copperwynd Financial LLC acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $301,000. Institutional investors and hedge funds own 21.42% of the company's stock.
ZIM Integrated Shipping Services Stock Down 2.8 %
Shares of NYSE:ZIM traded down $0.43 during trading on Tuesday, hitting $15.19. The company's stock had a trading volume of 7,035,336 shares, compared to its average volume of 5,716,265. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.56 and a fifty-two week high of $30.15. The business has a 50 day moving average price of $18.75 and a two-hundred day moving average price of $20.59. 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 $1.83 billion, a PE ratio of 1.27, a P/E/G ratio of 0.27 and a beta of 1.70.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The company 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 is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 83.48%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is currently 6.51%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ZIM. JPMorgan Chase & Co. reduced their price target on shares of 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. Barclays cut their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research report on Monday, March 17th. Finally, Jefferies Financial Group restated 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. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $13.54.
Check Out Our Latest Stock Report on ZIM
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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