Teacher Retirement System of Texas Purchases 23,144 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Teacher Retirement System of Texas lifted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 32.4% during the 4th quarter, HoldingsChannel reports. The firm owned 94,557 shares of the company’s stock after acquiring an additional 23,144 shares during the period. Teacher Retirement System of Texas’ holdings in ZIM Integrated Shipping Services were worth $2,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $71,000. Mark Sheptoff Financial Planning LLC grew its holdings in ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after purchasing an additional 1,900 shares during the period. R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter worth about $88,000. HighTower Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $263,000. Finally, Copperwynd Financial LLC purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $301,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 0.4 %

ZIM Integrated Shipping Services stock opened at $15.41 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 1.29, a PEG ratio of 0.27 and a beta of 1.70. 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 Ltd. has a 12 month low of $9.75 and a 12 month high of $30.15. The stock has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $20.52.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal 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 paid a dividend of $3.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a yield of 82.31%. ZIM Integrated Shipping Services’s payout ratio is currently 6.51%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on 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. Barclays reduced their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.54.

About ZIM Integrated Shipping Services

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.