Causeway Capital Management LLC lifted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 509.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 587,518 shares of the company's stock after purchasing an additional 491,093 shares during the period. Causeway Capital Management LLC owned about 0.49% of ZIM Integrated Shipping Services worth $12,614,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $45,000. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter valued at approximately $71,000. Brown Brothers Harriman & Co. acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $79,000. R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $88,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ZIM shares. Jefferies Financial Group reiterated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Bank of America cut their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Barclays decreased their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Five 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. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Hold" and an average target price of $13.06.
View Our Latest Stock Analysis on ZIM
ZIM Integrated Shipping Services Stock Performance
Shares of NYSE ZIM traded up $0.27 during midday trading on Friday, reaching $13.75. 3,044,160 shares of the company were exchanged, compared to its average volume of 6,100,563. The stock has a market cap of $1.66 billion, a P/E ratio of 1.15, a PEG ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.75 and a 1 year high of $30.15. The stock has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $19.72. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a $3.17 dividend. The ex-dividend date was Monday, March 24th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 92.19%. ZIM Integrated Shipping Services's payout ratio is 6.51%.
About ZIM Integrated Shipping Services
(
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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