Legal & General Group Plc Boosts Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Legal & General Group Plc lifted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,393 shares of the company's stock after acquiring an additional 36,342 shares during the period. Legal & General Group Plc owned approximately 0.18% of ZIM Integrated Shipping Services worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. JPMorgan Chase & Co. grew its position in ZIM Integrated Shipping Services by 59.4% during 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 in the last quarter. Allianz Asset Management GmbH raised its stake in ZIM Integrated Shipping Services by 39.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after purchasing an additional 393,215 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth $5,509,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of ZIM Integrated Shipping Services by 1,129.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 161,440 shares of the company's stock valued at $3,466,000 after buying an additional 148,306 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Up 2.3 %

Shares of NYSE ZIM traded up $0.32 during midday trading on Thursday, reaching $14.09. 3,898,838 shares of the company's stock traded hands, compared to its average volume of 6,116,076. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 1.18, a P/E/G ratio of 0.27 and a beta of 1.84. The stock's 50 day simple moving average is $16.87 and its 200-day simple moving average is $19.48. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year 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 earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 89.99%. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.

Analyst Ratings Changes

Several research analysts have commented on ZIM shares. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Bank of America lowered their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.06.

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.