24,916 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Acquired by Kennondale Capital Management LLC

Kennondale Capital Management LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,916 shares of the company's stock, valued at approximately $364,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. New York State Common Retirement Fund purchased a new stake in ZIM Integrated Shipping Services in the first quarter worth $30,000. Altshuler Shaham Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after buying an additional 1,300 shares during the period. Employees Retirement System of Texas purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $45,000. Brown Brothers Harriman & Co. purchased a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $79,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after acquiring an additional 900 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM traded up $0.27 on Tuesday, reaching $15.70. 623,174 shares of the company's stock traded hands, compared to its average volume of 6,146,444. The stock has a 50 day moving average price of $16.86 and a 200-day moving average price of $17.02. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 0.80, a P/E/G ratio of 0.28 and a beta of 1.76. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.75 EPS. Equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 16.96%. ZIM Integrated Shipping Services's payout ratio is 4.76%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays upped their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research report on Friday, June 27th. Bank of America cut their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group increased their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Finally, Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.