612,400 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 612,400 shares of the company's stock, valued at approximately $13,148,000. Nomura Holdings Inc. owned 0.51% of ZIM Integrated Shipping Services as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $1,771,000. Decker Retirement Planning Inc. purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $5,509,000. HighTower Advisors LLC lifted its stake in ZIM Integrated Shipping Services by 20.5% during the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after purchasing an additional 2,080 shares during the last quarter. 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 worth $318,000 after purchasing an additional 1,376 shares in the last quarter. Finally, Mariner LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $735,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ZIM shares. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a research note on Tuesday. Barclays dropped their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. 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 note on Friday, April 11th. Jefferies Financial Group raised their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $14.05.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded down $0.90 during trading on Tuesday, reaching $18.47. The company had a trading volume of 5,092,053 shares, compared to its average volume of 6,181,249. The firm's 50-day simple moving average is $15.14 and its 200 day simple moving average is $18.68. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 1.54, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same quarter in the prior year, the firm posted $0.75 EPS. Sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 68.65%. ZIM Integrated Shipping Services's payout ratio is 6.51%.

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.