Russell Investments Group Ltd. Acquires 6,913 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Russell Investments Group Ltd. boosted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 121.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,595 shares of the company’s stock after buying an additional 6,913 shares during the quarter. Russell Investments Group Ltd.’s holdings in ZIM Integrated Shipping Services were worth $270,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC grew its position in 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 worth $92,000 after acquiring an additional 900 shares during the last quarter. Truist Financial Corp grew its holdings in shares of ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock worth $318,000 after purchasing an additional 1,376 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of 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. Janney Montgomery Scott LLC raised its holdings in shares of ZIM Integrated Shipping Services by 6.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company’s stock valued at $1,012,000 after buying an additional 2,847 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock worth $2,260,000 after buying an additional 2,873 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ZIM has been the subject of several research reports. Barclays lowered their price objective 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. Bank of America dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their target price 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. 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.com, the company currently has an average rating of “Hold” and a consensus target price of $13.06.

ZIM Integrated Shipping Services Stock Up 2.3 %

Shares of ZIM stock opened at $14.09 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.04 and a 1 year high of $30.15. The firm has a market capitalization of $1.70 billion, a P/E ratio of 1.18, a PEG ratio of 0.27 and a beta of 1.84. 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 firm’s fifty day moving average price is $16.75 and its two-hundred day moving average price is $19.44.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data 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. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $3.17 dividend. This is an increase 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 dividend yield of 89.99%. ZIM Integrated Shipping Services’s dividend 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.