OMERS ADMINISTRATION Corp Buys Shares of 58,027 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

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

Several other hedge funds and other institutional investors have also modified their holdings of ZIM. Renaissance Technologies LLC increased its position in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after buying an additional 940,587 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $16,381,000. Causeway Capital Management LLC boosted its position in ZIM Integrated Shipping Services by 509.3% during the fourth quarter. Causeway Capital Management LLC now owns 587,518 shares of the company's stock worth $12,614,000 after purchasing an additional 491,093 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after purchasing an additional 393,215 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded up $0.21 during trading on Thursday, reaching $18.31. The company had a trading volume of 1,780,183 shares, compared to its average volume of 6,164,521. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock has a market cap of $2.20 billion, a PE ratio of 1.53, a PEG ratio of 0.27 and a beta of 1.84. The business's 50 day moving average price is $15.15 and its 200-day moving average price is $18.68. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15.

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, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the business posted $0.75 EPS. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid 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 annualized dividend and a yield of 69.25%. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.

Wall Street Analysts Forecast Growth

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

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.