Marshall Wace LLP Boosts Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Marshall Wace LLP grew its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,936,666 shares of the company’s stock after acquiring an additional 124,558 shares during the period. Marshall Wace LLP owned about 1.61% of ZIM Integrated Shipping Services worth $41,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ZIM. Mark Sheptoff Financial Planning LLC grew its position in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after acquiring an additional 900 shares in the last quarter. Truist Financial Corp boosted its holdings in ZIM Integrated Shipping Services by 10.2% in the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock worth $318,000 after purchasing an additional 1,376 shares during the period. HighTower Advisors LLC increased its stake in ZIM Integrated Shipping Services by 20.5% during the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company’s stock valued at $263,000 after purchasing an additional 2,080 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $45,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of ZIM Integrated Shipping Services by 6.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company’s stock worth $1,012,000 after buying an additional 2,847 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 2.0 %

Shares of ZIM stock opened at $13.75 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.75 and a 1 year high of $30.15. The firm has a market capitalization of $1.66 billion, a PE ratio of 1.15, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The stock has a fifty day moving average of $17.41 and a two-hundred day moving average of $19.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

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 business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $3.17 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 92.19%. ZIM Integrated Shipping Services’s payout ratio is presently 6.51%.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Bank of America lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average price target of $13.06.

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.