OMERS ADMINISTRATION Corp Takes $1.25 Million Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

OMERS ADMINISTRATION Corp bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,027 shares of the company's stock, valued at approximately $1,246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZIM. 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 valued at $32,000 after purchasing an additional 1,300 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $79,000. R Squared Ltd bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $88,000. Finally, Mark Sheptoff Financial Planning LLC grew its position 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 worth $92,000 after acquiring an additional 900 shares in 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 equities research analysts have issued reports on the company. Barclays decreased 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. JPMorgan Chase & Co. cut their target price 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 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 report on Tuesday. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research note on Tuesday. Finally, Bank of America cut their price objective on shares of 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. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $14.05.

ZIM Integrated Shipping Services Trading Down 4.2%

Shares of ZIM stock traded down $0.79 on Wednesday, reaching $18.06. 6,876,470 shares of the company's stock were exchanged, compared to its average volume of 6,195,143. The stock has a market capitalization of $2.17 billion, a PE ratio of 1.51, a P/E/G 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. The company's fifty day simple moving average is $15.16 and its 200 day simple moving average is $18.68.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates 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 last year, the business posted $0.75 EPS. As a group, analysts forecast 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. Investors of record on Monday, March 24th were issued a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 70.21%. ZIM Integrated Shipping Services's payout ratio is presently 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.