Bessemer Group Inc. Takes Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Bessemer Group Inc. purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 31,300 shares of the company's stock, valued at approximately $457,000.

A number of other hedge funds have also modified their holdings of the business. Altshuler Shaham Ltd lifted its position in ZIM Integrated Shipping Services by 650.0% in the fourth 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. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $79,000. Mark Sheptoff Financial Planning LLC boosted its position 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 purchasing an additional 900 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $186,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 2.3%

Shares of ZIM traded down $0.37 during midday trading on Friday, reaching $15.78. The stock had a trading volume of 4,262,939 shares, compared to its average volume of 6,228,801. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. The company's fifty day simple moving average is $16.58 and its two-hundred day simple moving average is $17.44. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 0.81, a PEG ratio of 0.28 and a beta of 1.76. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year high of $30.15.

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

ZIM Integrated Shipping Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZIM shares. Jefferies Financial Group lifted their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. dropped their target price 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. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Bank of America lowered 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 note on Friday, April 11th. Finally, Barclays upped their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research note on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price 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.