ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stake Raised by Northern Trust Corp

Northern Trust Corp boosted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 150.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,148 shares of the company's stock after acquiring an additional 127,367 shares during the quarter. Northern Trust Corp owned 0.18% of ZIM Integrated Shipping Services worth $4,555,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of ZIM Integrated Shipping Services by 6.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company's stock valued at $1,012,000 after purchasing an additional 2,847 shares during the period. Inspire Investing LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $960,000. PFG Investments LLC raised its position in shares of ZIM Integrated Shipping Services by 25.1% during the 4th quarter. PFG Investments LLC now owns 62,227 shares of the company's stock worth $1,336,000 after buying an additional 12,473 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of ZIM Integrated Shipping Services by 73.1% in the 4th quarter. Blue Trust Inc. now owns 34,256 shares of the company's stock worth $735,000 after acquiring an additional 14,471 shares during the period. Finally, MBE Wealth Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 58.9% in the fourth quarter. MBE Wealth Management LLC now owns 15,891 shares of the company's stock valued at $341,000 after acquiring an additional 5,890 shares in the last quarter. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Down 4.2%

Shares of ZIM Integrated Shipping Services stock opened at $18.06 on Thursday. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.04 and a 12-month high of $30.15. The firm has a market capitalization of $2.17 billion, a PE ratio of 1.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock's fifty day moving average is $15.15 and its 200-day moving average is $18.68.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $3.17 dividend. This represents a $12.68 annualized dividend and a dividend yield of 70.21%. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZIM shares. Bank of America dropped their target price on 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. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group upped their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a report on Tuesday. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a report on Tuesday. Finally, Barclays dropped their price target 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. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Reduce" and a consensus price target of $14.05.

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.

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