Chesapeake Capital Corp IL Purchases Shares of 17,149 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Chesapeake Capital Corp IL purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 17,149 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors have also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $58,000. Russell Investments Group Ltd. boosted its stake in ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares during the period. Mather Group LLC. acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter worth approximately $96,000. Private Advisor Group LLC purchased a new position in ZIM Integrated Shipping Services during the 4th quarter worth approximately $127,000. Finally, Jump Financial LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $130,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $16.31 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. ZIM Integrated Shipping Services Ltd. has a 12 month low of $6.39 and a 12 month high of $23.82. The company’s fifty day moving average is $18.99 and its 200-day moving average is $16.27.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.07 by $1.01. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same period last year, the company earned ($1.37) earnings per share. Analysts predict that ZIM Integrated Shipping Services Ltd. will post 11.79 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were given a $0.93 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 22.81%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -4.35%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ZIM shares. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of ZIM Integrated Shipping Services in a report on Monday, August 19th. Bank of America upped their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Barclays boosted their price objective on shares of ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a research report on Friday, August 23rd. Finally, Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their target price for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and an average target price of $14.59.

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.