PFG Investments LLC Increases Stake in ZIM Integrated Shipping Services Ltd. $ZIM

PFG Investments LLC increased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 132.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,791 shares of the company’s stock after acquiring an additional 45,514 shares during the quarter. PFG Investments LLC’s holdings in ZIM Integrated Shipping Services were worth $1,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. Unison Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $594,000. Lodestone Wealth Management LLC purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $29,000. Affinity Wealth Management LLC purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $201,000. Finally, Baron Wealth Management LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth approximately $202,000. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $26.99 on Friday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 6.78 and a beta of 1.55. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 1.15. The stock’s fifty day moving average price is $26.51 and its 200 day moving average price is $21.13. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $1.48 billion during the quarter. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. As a group, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 13.0%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 20th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 1.51%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ZIM shares. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their target price for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $21.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, January 14th. Finally, Barclays lifted their target price on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.14.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.