ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Holdings Raised by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. grew its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355,363 shares of the company's stock after purchasing an additional 107,400 shares during the period. ZIM Integrated Shipping Services makes up about 3.8% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 5th largest holding. Yelin Lapidot Holdings Management Ltd. owned approximately 1.13% of ZIM Integrated Shipping Services worth $19,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Altshuler Shaham Ltd raised its stake in ZIM Integrated Shipping Services by 650.0% during the fourth 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 period. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $79,000. Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after acquiring an additional 900 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in ZIM Integrated Shipping Services in the first quarter worth approximately $146,000. Institutional investors and hedge funds own 21.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ZIM. Bank of America reduced their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Barclays raised their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a research report on Tuesday, May 20th. Jefferies Financial Group increased their target price 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. Finally, JPMorgan Chase & Co. dropped 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 research report on Friday, March 7th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Trading Down 2.3%

Shares of ZIM stock traded down $0.37 on Thursday, hitting $15.78. The stock had a trading volume of 4,262,939 shares, compared to its average volume of 6,228,801. The company's 50 day moving average price is $16.58 and its 200-day moving average price is $17.44. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. The firm has a market capitalization of $1.90 billion, a P/E ratio of 0.81, a P/E/G ratio of 0.28 and a beta of 1.76.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same period in the prior year, the firm earned $0.75 earnings per share. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.

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.