Commonwealth Equity Services LLC Grows Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Commonwealth Equity Services LLC boosted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,702 shares of the company’s stock after buying an additional 12,657 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ZIM Integrated Shipping Services were worth $852,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $764,000. Swiss National Bank lifted its holdings in ZIM Integrated Shipping Services by 8.2% in the 4th quarter. Swiss National Bank now owns 204,700 shares of the company’s stock valued at $4,395,000 after purchasing an additional 15,600 shares in the last quarter. HighTower Advisors LLC boosted its stake in ZIM Integrated Shipping Services by 20.5% during the 4th 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. Raymond James Financial Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $1,771,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $1,294,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZIM has been the subject of several research reports. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. cut 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. Finally, Jefferies Financial Group reissued a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has issued 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 a consensus target price of $13.54.

ZIM Integrated Shipping Services Stock Up 5.7 %

Shares of NYSE ZIM opened at $15.42 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.75 and a 1 year high of $30.15. The company has a market capitalization of $1.86 billion, a P/E ratio of 1.29, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a 50 day simple moving average of $18.61 and a 200-day simple moving average of $20.51. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, equities research analysts predict 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 will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $3.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 82.25%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

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.