IHT Wealth Management LLC Takes $511,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

IHT Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,816 shares of the company's stock, valued at approximately $511,000.

Other large investors also recently modified their holdings of the company. Altshuler Shaham Ltd lifted its stake in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $45,000. Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $79,000. R Squared Ltd bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $88,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake 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 acquiring an additional 900 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Trading Up 0.9 %

NYSE:ZIM traded up $0.13 during trading hours on Monday, hitting $14.47. 3,369,113 shares of the company were exchanged, compared to its average volume of 6,097,663. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $16.52 and a 200 day simple moving average of $19.38. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year high of $30.15. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 1.21, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a dividend of $3.17 per share. 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 yield of 87.63%. The ex-dividend date was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ZIM shares. JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays lowered 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, April 16th. Finally, Bank of America lowered their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th. Five 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 company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of "Hold" and an average target price of $13.06.

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.