Northern Trust Corp Purchases 127,367 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Northern Trust Corp lifted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 150.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 212,148 shares of the company's stock after buying an additional 127,367 shares during the period. Northern Trust Corp owned 0.18% of ZIM Integrated Shipping Services worth $4,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of ZIM Integrated Shipping Services by 50.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after buying an additional 1,909,480 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after buying an additional 940,587 shares during the period. Marshall Wace LLP raised its stake in ZIM Integrated Shipping Services by 6.9% during the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock worth $41,580,000 after purchasing an additional 124,558 shares during the period. Allianz Asset Management GmbH raised its stake in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock worth $29,823,000 after purchasing an additional 393,215 shares during the period. Finally, Jump Financial LLC raised its stake in ZIM Integrated Shipping Services by 19.1% during the fourth quarter. Jump Financial LLC now owns 890,867 shares of the company's stock worth $19,127,000 after purchasing an additional 142,669 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 research note on Tuesday, May 20th. Bank of America cut 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 research note on Friday, April 11th. 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 for the company in a report on Friday, March 7th. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Five equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $14.05.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded down $0.49 during midday trading on Tuesday, reaching $17.56. The company's stock had a trading volume of 7,323,741 shares, compared to its average volume of 6,164,266. 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 company has a 50 day moving average price of $15.11 and a 200 day moving average price of $18.45. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year high of $30.15. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 1.47, 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 released its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 72.21%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. ZIM Integrated Shipping Services's payout ratio is currently 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.