ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Position Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 750.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 625,833 shares of the company's stock after purchasing an additional 552,206 shares during the period. Nuveen Asset Management LLC owned approximately 0.52% of ZIM Integrated Shipping Services worth $13,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. OMERS ADMINISTRATION Corp acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth approximately $1,246,000. Lazard Asset Management LLC raised its position in ZIM Integrated Shipping Services by 4.9% in the 4th quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock valued at $331,000 after purchasing an additional 722 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $733,000. Graham Capital Management L.P. raised its position in ZIM Integrated Shipping Services by 76.9% during the 4th quarter. Graham Capital Management L.P. now owns 123,560 shares of the company's stock worth $2,653,000 after buying an additional 53,715 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in ZIM Integrated Shipping Services during the 4th quarter worth $186,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Up 0.8%

NYSE ZIM traded up $0.14 during mid-day trading on Thursday, hitting $17.20. The company's stock had a trading volume of 4,882,996 shares, compared to its average volume of 6,151,052. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The stock's fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $18.44. 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 firm has a market capitalization of $2.07 billion, a P/E ratio of 1.44, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

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

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a dividend yield of 73.71%. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is 5.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZIM. Jefferies Financial Group upped 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. Clarkson Capital cut shares of 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 note on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Bank of America decreased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target 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.