Clear Harbor Asset Management LLC Purchases 39,695 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Clear Harbor Asset Management LLC grew its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 337.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,450 shares of the company's stock after purchasing an additional 39,695 shares during the period. Clear Harbor Asset Management LLC's holdings in ZIM Integrated Shipping Services were worth $1,320,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after acquiring an additional 1,850 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of ZIM Integrated Shipping Services by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 104,767 shares of the company's stock worth $1,060,000 after acquiring an additional 2,423 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in ZIM Integrated Shipping Services by 50.0% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company's stock valued at $246,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

Wall Street Analyst Weigh In

ZIM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research report on Wednesday, October 2nd. Bank of America raised their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research report on Wednesday, August 28th. Finally, Barclays raised their target price on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an "underweight" rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $15.22.

ZIM Integrated Shipping Services Trading Up 0.6 %

Shares of ZIM stock traded up $0.14 during trading hours on Friday, hitting $22.80. 2,289,720 shares of the company's stock traded hands, compared to its average volume of 6,100,121. The stock's 50 day simple moving average is $20.52 and its 200 day simple moving average is $18.78. The stock has a market cap of $2.74 billion, a PE ratio of -1.08, a price-to-earnings-growth ratio of 0.05 and a beta of 1.86. ZIM Integrated Shipping Services Ltd. has a 12 month low of $6.39 and a 12 month high of $26.20. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $1.01. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same quarter last year, the firm earned ($1.37) earnings per share. On average, sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 11.22 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 16.32%. The ex-dividend date of this dividend was Thursday, August 29th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently -4.35%.

About ZIM Integrated Shipping Services

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.