ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,246 shares of the company’s stock after acquiring an additional 2,080 shares during the quarter. HighTower Advisors LLC’s holdings in ZIM Integrated Shipping Services were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after buying an additional 393,215 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $5,509,000. Robeco Institutional Asset Management B.V. raised its stake in shares of ZIM Integrated Shipping Services by 1,129.2% in 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 acquiring an additional 148,306 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $3,364,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

ZIM has been the subject of several research reports. Barclays dropped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their target price on 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. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $16.12 on Thursday. ZIM Integrated Shipping Services Ltd. has a one year low of $9.75 and a one year high of $30.15. The stock has a market cap of $1.94 billion, a PE ratio of 1.35, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The business’s fifty day moving average price is $18.60 and its two-hundred day moving average price is $20.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.99 billion. On average, analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 78.66%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 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.