ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 3,034.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,460 shares of the company's stock after purchasing an additional 105,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.09% of ZIM Integrated Shipping Services worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd boosted its holdings 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 worth $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $79,000. Mark Sheptoff Financial Planning LLC grew its position in 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 last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $186,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZIM has been the subject of several research reports. Clarkson Capital downgraded shares of 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 note on Tuesday, May 20th. Bank of America lowered 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 report on Friday, April 11th. 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 report on Friday, June 27th. JPMorgan Chase & Co. decreased their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Finally, Jefferies Financial Group increased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday, May 20th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Stock Performance

ZIM traded down $0.37 during midday trading on Friday, hitting $15.78. 4,262,939 shares of the company were exchanged, compared to its average volume of 6,228,801. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 0.27 and a beta of 1.76. The company's 50 day simple moving average is $16.61 and its 200 day simple moving average is $17.42. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. 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 announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

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

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.