131,100 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 131,100 shares of the company's stock, valued at approximately $3,364,000. Public Employees Retirement System of Ohio owned 0.11% of ZIM Integrated Shipping Services at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ZIM. Van ECK Associates Corp grew its stake in shares of 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 valued at $977,000 after buying an additional 591 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock valued at $1,137,000 after buying an additional 915 shares during the period. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Olympiad Research LP grew its stake in shares of ZIM Integrated Shipping Services by 12.9% in the 3rd quarter. Olympiad Research LP now owns 10,588 shares of the company's stock valued at $272,000 after buying an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $31,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZIM has been the subject of several research reports. Jefferies Financial Group reduced their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday. Barclays raised their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a research report on Monday, November 25th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Bank of America raised their price target 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. Five investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.14.

ZIM Integrated Shipping Services Trading Down 5.7 %

ZIM stock traded down $1.11 during trading on Tuesday, reaching $18.41. The company had a trading volume of 6,377,129 shares, compared to its average volume of 6,254,992. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a market cap of $2.22 billion, a P/E ratio of 1.54, a PEG ratio of 0.04 and a beta of 1.78. The business has a 50 day moving average of $22.38 and a 200 day moving average of $20.66. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 61.07%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 9.72%.

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.