Yelin Lapidot Holdings Management Ltd. increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Free Report) by 34.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,248,834 shares of the company’s stock after purchasing an additional 825,848 shares during the quarter. ZIM Integrated Shipping Services accounts for 13.8% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its largest holding. Yelin Lapidot Holdings Management Ltd. owned about 2.70% of ZIM Integrated Shipping Services worth $68,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Lane Capital LP acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $542,000. Sierra Summit Advisors LLC acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $854,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $3,173,000. Causeway Capital Management LLC grew its stake in ZIM Integrated Shipping Services by 52.2% during the 3rd quarter. Causeway Capital Management LLC now owns 1,082,641 shares of the company’s stock worth $14,670,000 after purchasing an additional 371,277 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its stake in ZIM Integrated Shipping Services by 378,174.5% during the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ZIM. Weiss Ratings downgraded ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $11.50 to $31.80 in a report on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Finally, Barclays lifted their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.14.
ZIM Integrated Shipping Services Stock Down 2.7%
Shares of NYSE ZIM opened at $25.76 on Wednesday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 6.47 and a beta of 1.26. 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 business has a 50-day moving average of $26.81 and a two-hundred day moving average of $22.71. 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 – Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (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%. On average, analysts forecast that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal 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 given a $0.88 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 13.7%. ZIM Integrated Shipping Services’s payout ratio is currently 1.51%.
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.
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