104,293 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Bought by Gallo Partners LP

Gallo Partners LP bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 104,293 shares of the company's stock, valued at approximately $2,239,000. ZIM Integrated Shipping Services makes up approximately 1.6% of Gallo Partners LP's investment portfolio, making the stock its 25th largest holding. Gallo Partners LP owned about 0.09% of ZIM Integrated Shipping Services as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd increased its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after purchasing an additional 1,300 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $45,000. Brown Brothers Harriman & Co. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $79,000. R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $88,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

Analysts Set New Price Targets

ZIM has been the subject of several recent analyst reports. Jefferies Financial Group restated a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Bank of America reduced their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on 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. Finally, Barclays dropped their price objective on 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 analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Hold" and a consensus target price of $13.06.

ZIM Integrated Shipping Services Stock Up 2.5 %

ZIM Integrated Shipping Services stock traded up $0.38 during midday trading on Friday, reaching $15.41. The company's stock had a trading volume of 3,636,677 shares, compared to its average volume of 6,117,369. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.04 and a 52-week high of $30.15. The stock has a market capitalization of $1.86 billion, a P/E ratio of 1.29, a PEG ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock's 50-day simple moving average is $16.01 and its 200-day simple moving average is $19.23.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS 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. Shareholders of record on Monday, March 24th were given a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 82.28%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is currently 6.51%.

ZIM Integrated Shipping Services Company 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.