Mark Sheptoff Financial Planning LLC Increases Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Mark Sheptoff Financial Planning LLC lifted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,300 shares of the company’s stock after buying an additional 900 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in ZIM Integrated Shipping Services were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC boosted its stake in ZIM Integrated Shipping Services by 44.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 129,100 shares of the company’s stock worth $2,772,000 after purchasing an additional 39,700 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $483,000. Sei Investments Co. increased its position in ZIM Integrated Shipping Services by 25.2% during the fourth quarter. Sei Investments Co. now owns 132,051 shares of the company’s stock worth $2,835,000 after purchasing an additional 26,549 shares during the last quarter. Quantbot Technologies LP raised its position in shares of ZIM Integrated Shipping Services by 36.0% in the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock worth $10,815,000 after buying an additional 133,234 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in ZIM Integrated Shipping Services by 32.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company’s stock valued at $2,030,000 after buying an additional 23,144 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Barclays reduced their target price 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. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Stock Down 2.8 %

NYSE ZIM opened at $15.19 on Wednesday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 1.27, a PEG ratio of 0.27 and a beta of 1.70. The stock’s 50 day moving average is $18.75 and its two-hundred day moving average is $20.59. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.56 and a 1-year high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted 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 firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a yield of 83.48%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. 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.