Mackenzie Financial Corp Invests $559,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Mackenzie Financial Corp purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,037 shares of the company's stock, valued at approximately $559,000.

Several other large investors also recently modified their holdings of ZIM. Altshuler Shaham Ltd increased its stake in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $79,000. Mark Sheptoff Financial Planning LLC increased its stake 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 last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $186,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded up $0.37 during midday trading on Friday, hitting $17.53. 4,177,419 shares of the company's stock were exchanged, compared to its average volume of 6,073,560. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The stock has a 50-day moving average price of $15.35 and a two-hundred day moving average price of $18.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market cap of $2.11 billion, a P/E ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. 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 previous year, the business earned $0.75 earnings per share. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Announces Dividend

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

Analyst Upgrades and Downgrades

ZIM has been the subject of several research analyst reports. Jefferies Financial Group raised 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 research note on Tuesday, May 20th. 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 note on Friday, April 11th. Clarkson Capital lowered 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. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Five 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 stock presently has a consensus rating of "Reduce" and an average target price of $14.42.

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.