ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stake Boosted by Marshall Wace LLP

Marshall Wace LLP increased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,936,666 shares of the company's stock after acquiring an additional 124,558 shares during the quarter. Marshall Wace LLP owned approximately 1.61% of ZIM Integrated Shipping Services worth $41,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jump Financial LLC lifted its holdings in ZIM Integrated Shipping Services by 19.1% in the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company's stock valued at $19,127,000 after acquiring an additional 142,669 shares during the period. Causeway Capital Management LLC boosted its holdings in ZIM Integrated Shipping Services by 509.3% during the fourth quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock worth $12,614,000 after buying an additional 491,093 shares in the last quarter. Mariner LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $735,000. Optimize Financial Inc purchased a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $277,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $1,771,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group reiterated 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. JPMorgan Chase & Co. cut their price objective on 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. Barclays decreased their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Bank of America cut their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Hold" and an average price target of $13.06.

ZIM Integrated Shipping Services Trading Up 4.0 %

ZIM traded up $0.52 during trading on Wednesday, hitting $13.54. 3,404,867 shares of the company's stock were exchanged, compared to its average volume of 6,107,678. The stock has a 50 day moving average price of $17.00 and a 200 day moving average price of $19.51. ZIM Integrated Shipping Services Ltd. has a 1 year low of $10.89 and a 1 year high of $30.15. 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 firm has a market cap of $1.63 billion, a P/E ratio of 1.13, 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 data on Wednesday, March 12th. The company reported $4.66 EPS 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 company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a $3.17 dividend. This is a boost 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 93.65%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.

ZIM Integrated Shipping Services 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.