Segall Bryant & Hamill LLC Has $2.77 Million Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Segall Bryant & Hamill LLC grew its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,100 shares of the company's stock after buying an additional 39,700 shares during the period. Segall Bryant & Hamill LLC owned about 0.11% of ZIM Integrated Shipping Services worth $2,772,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after buying an additional 674,723 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $2,612,000. Blueshift Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $620,000. Decker Retirement Planning Inc. bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $5,509,000. Finally, Truist Financial Corp raised its stake in ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after acquiring an additional 1,376 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZIM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Finally, Barclays dropped their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research note on Monday, March 17th. Five investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.54.

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ZIM Integrated Shipping Services Stock Up 0.7 %

Shares of ZIM traded up $0.11 during midday trading on Friday, reaching $15.50. 6,002,619 shares of the stock were exchanged, compared to its average volume of 5,860,890. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 1.30, a P/E/G ratio of 0.27 and a beta of 1.70. The firm has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $20.54. ZIM Integrated Shipping Services Ltd. has a 12-month low of $9.75 and a 12-month high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 81.83%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

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.