34,224 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Bought by Mariner LLC

Mariner LLC purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 34,224 shares of the company's stock, valued at approximately $735,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC lifted its stake in ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after purchasing an additional 900 shares during the last quarter. Truist Financial Corp lifted its position in shares of ZIM Integrated Shipping Services by 10.2% in the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after buying an additional 1,376 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after acquiring an additional 2,080 shares during the period. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Finally, Janney Montgomery Scott LLC lifted its holdings in ZIM Integrated Shipping Services by 6.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company's stock valued at $1,012,000 after purchasing an additional 2,847 shares during the last quarter. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $14.73 on Wednesday. The firm has a market cap of $1.77 billion, a PE ratio of 1.23, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock's fifty day moving average price is $16.39 and its two-hundred day moving average price is $19.35. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a dividend of $3.17 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 86.08%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZIM shares. JPMorgan Chase & Co. dropped their price objective 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. Bank of America cut their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays dropped their price target on 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. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.06.

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.

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