Decker Retirement Planning Inc. Makes New $5.51 Million Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Decker Retirement Planning Inc. acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 256,587 shares of the company's stock, valued at approximately $5,509,000. ZIM Integrated Shipping Services makes up 3.2% of Decker Retirement Planning Inc.'s holdings, making the stock its 8th largest holding. Decker Retirement Planning Inc. owned 0.21% of ZIM Integrated Shipping Services as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock worth $977,000 after buying an additional 591 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock worth $1,137,000 after acquiring an additional 915 shares during the last quarter. Fairman Group LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter worth $26,000. Olympiad Research LP increased its stake in ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company's stock valued at $272,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at about $31,000. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Down 0.4 %

Shares of ZIM stock traded down $0.07 during trading hours on Friday, hitting $16.56. 5,000,455 shares of the company's stock traded hands, compared to its average volume of 6,353,703. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock's fifty day simple moving average is $21.43 and its two-hundred day simple moving average is $20.67. ZIM Integrated Shipping Services Ltd. has a 12-month low of $9.08 and a 12-month high of $30.15. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 1.38, a PEG ratio of 0.22 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The business 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 annualized dividend and a yield of 67.89%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services's payout ratio is 9.72%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group reduced their price objective 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. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.04.

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.