ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,393 shares of the company's stock after buying an additional 36,342 shares during the period. Legal & General Group Plc owned about 0.18% of ZIM Integrated Shipping Services worth $4,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZIM. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth $45,000. Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $79,000. R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $88,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after acquiring an additional 900 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $220,000. Institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZIM shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Bank of America cut their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Barclays reduced their price target 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. Finally, JPMorgan Chase & Co. decreased their price target 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. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of "Hold" and an average price target of $13.06.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock traded up $0.23 during trading hours on Friday, reaching $14.33. 4,076,632 shares of the company's stock were exchanged, compared to its average volume of 6,138,345. The business has a fifty day moving average of $16.64 and a two-hundred day moving average of $19.41. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.73 billion, a P/E ratio of 1.20, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, research analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a $3.17 dividend. 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 88.49%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend 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.