31,300 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Bought by Bessemer Group Inc.

Bessemer Group Inc. purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,300 shares of the company's stock, valued at approximately $457,000.

A number of other large investors have also bought and sold shares of the business. Lazard Asset Management LLC grew its position in ZIM Integrated Shipping Services by 4.9% during the 4th quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock worth $331,000 after acquiring an additional 722 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position 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 buying an additional 900 shares during the last quarter. Regatta Capital Group LLC boosted its position in ZIM Integrated Shipping Services by 7.6% in the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock valued at $214,000 after buying an additional 1,040 shares during the last quarter. Altshuler Shaham Ltd boosted 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. Finally, Truist Financial Corp boosted its position in ZIM Integrated Shipping Services by 10.2% in the 4th 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. 21.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on 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. Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a research report on Tuesday, May 20th. Bank of America decreased their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays increased 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. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Trading Down 2.3%

Shares of ZIM stock traded down $0.37 during trading hours on Friday, reaching $15.78. The company had a trading volume of 4,262,939 shares, compared to its average volume of 6,227,938. The company has a 50 day moving average of $16.61 and a 200 day moving average of $17.41. 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 firm has a market cap of $1.90 billion, a price-to-earnings ratio of 0.81, a P/E/G ratio of 0.27 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 posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter in the prior year, the business posted $0.75 EPS. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Dividend Announcement

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

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.