26,037 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 26,037 shares of the company's stock, valued at approximately $559,000.

A number of other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd boosted its stake 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 valued at $32,000 after buying an additional 1,300 shares during the period. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $45,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $79,000. 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 purchasing an additional 900 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $186,000. Institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

ZIM has been the subject of several recent research reports. Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a research note on Tuesday, May 20th. Jefferies Financial Group raised their target price 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. lowered their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Barclays raised their target price on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a report on Wednesday, May 28th. Finally, Bank of America reduced 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 report on Friday, April 11th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and a consensus target price of $14.42.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM traded up $0.53 during mid-day trading on Thursday, hitting $17.07. The stock had a trading volume of 5,258,926 shares, compared to its average volume of 6,139,976. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a fifty day moving average price of $15.26 and a 200-day moving average price of $18.17. The firm has a market cap of $2.05 billion, a P/E ratio of 1.43, a PEG ratio of 0.27 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, June 3rd will be issued a $0.74 dividend. This represents a yield of 16.96%. The ex-dividend date of this dividend is Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 5.94%.

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.