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

Yelin Lapidot Holdings Management Ltd. increased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,355,363 shares of the company's stock after acquiring an additional 107,400 shares during the quarter. ZIM Integrated Shipping Services makes up approximately 3.8% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 5th biggest holding. Yelin Lapidot Holdings Management Ltd. owned approximately 1.13% of ZIM Integrated Shipping Services worth $19,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZIM. Lazard Asset Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 4.9% during the 4th quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock valued at $331,000 after acquiring an additional 722 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew 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 purchasing an additional 900 shares during the period. Regatta Capital Group LLC increased its position in ZIM Integrated Shipping Services by 7.6% during the first quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock worth $214,000 after purchasing an additional 1,040 shares during the last quarter. 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. Finally, Truist Financial Corp boosted its holdings in shares of ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after purchasing an additional 1,376 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ZIM. JPMorgan Chase & Co. dropped their price objective on 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. Jefferies Financial Group boosted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Clarkson Capital downgraded 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. Barclays lifted their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. Finally, 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 for the company in a research report on Friday, April 11th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Stock Down 2.3%

Shares of ZIM traded down $0.37 during midday trading on Friday, reaching $15.78. 4,262,939 shares of the company were exchanged, compared to its average volume of 6,227,938. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year high of $30.15. The stock has a 50-day moving average price of $16.61 and a 200-day moving average price of $17.41. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 0.81, a P/E/G ratio of 0.27 and a beta of 1.76.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its 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. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same period last year, the business posted $0.75 EPS. Research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Announces Dividend

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

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.