89,400 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 89,400 shares of the company's stock, valued at approximately $2,294,000. Segall Bryant & Hamill LLC owned about 0.07% of ZIM Integrated Shipping Services as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ZIM. Aigen Investment Management LP lifted its holdings in shares of ZIM Integrated Shipping Services by 598.7% during the third quarter. Aigen Investment Management LP now owns 71,810 shares of the company's stock worth $1,843,000 after buying an additional 61,532 shares in the last quarter. GSA Capital Partners LLP bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $363,000. Entropy Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 55.7% during the 3rd quarter. Entropy Technologies LP now owns 61,553 shares of the company's stock worth $1,579,000 after purchasing an additional 22,009 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of ZIM Integrated Shipping Services by 39.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388,000 shares of the company's stock valued at $9,956,000 after buying an additional 110,000 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of ZIM Integrated Shipping Services by 6.6% in the third quarter. Sigma Planning Corp now owns 37,568 shares of the company's stock valued at $964,000 after buying an additional 2,317 shares during the period. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Down 1.9 %

ZIM stock traded down $0.45 during midday trading on Friday, hitting $23.78. The stock had a trading volume of 8,407,359 shares, compared to its average volume of 6,324,588. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average price of $22.78 and a two-hundred day moving average price of $20.52. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.39 and a 1-year high of $30.15. The firm has a market cap of $2.86 billion, a P/E ratio of 1.99, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued 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 is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 47.27%. ZIM Integrated Shipping Services's payout ratio is currently 9.72%.

Analyst Ratings Changes

ZIM has been the subject of several recent analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America lifted their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday. Barclays boosted their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday. Five equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company's stock. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Reduce" and a consensus target price of $15.22.

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.