Public Employees Retirement System of Ohio Has $2.20 Million Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Public Employees Retirement System of Ohio lessened its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,600 shares of the company's stock after selling 28,500 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of ZIM Integrated Shipping Services worth $2,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZIM. Altshuler Shaham Ltd grew its holdings in shares of 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 period. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $45,000. Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $79,000. Mark Sheptoff Financial Planning LLC raised its position in shares of ZIM Integrated Shipping Services by 26.5% during the fourth 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 period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $186,000. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Down 0.9%

Shares of NYSE ZIM traded down $0.16 during mid-day trading on Tuesday, hitting $16.77. The company had a trading volume of 6,817,321 shares, compared to its average volume of 6,163,146. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The firm has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $18.19. The company has a market capitalization of $2.02 billion, a PE ratio of 1.40, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one 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. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.75 earnings per share. On average, equities 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. Shareholders of record on Tuesday, June 3rd will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio is 5.94%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America dropped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report 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 on the stock. in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their target price 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. Jefferies Financial Group lifted their price target 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. Finally, Barclays upped their price objective on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a research report on Wednesday, May 28th. Five research 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 has an average 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.