Stifel Financial Corp Buys New Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Stifel Financial Corp bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,811 shares of the company's stock, valued at approximately $962,000.

A number of other large investors also recently modified their holdings of ZIM. Altshuler Shaham Ltd raised its position in ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after buying an additional 1,300 shares during the last quarter. Marshall Wace LLP boosted its holdings in ZIM Integrated Shipping Services by 6.9% in the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock worth $41,580,000 after acquiring an additional 124,558 shares in the last quarter. Jump Financial LLC lifted its holdings in ZIM Integrated Shipping Services by 19.1% during the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company's stock worth $19,127,000 after acquiring an additional 142,669 shares during the period. Causeway Capital Management LLC grew its position in shares of ZIM Integrated Shipping Services by 509.3% in the fourth quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock valued at $12,614,000 after purchasing an additional 491,093 shares in the last quarter. Finally, Mariner LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $735,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $16.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Bank of America lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Five research 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.66.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded up $0.82 during midday trading on Tuesday, hitting $17.08. The company's stock had a trading volume of 8,444,775 shares, compared to its average volume of 6,092,283. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $15.34 and a two-hundred day moving average of $18.85. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 1.43, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.04 and a 12 month high of $30.15.

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

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a dividend of $3.17 per share. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 74.24%. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.

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.