ZIM Integrated Shipping Services Ltd. $ZIM Shares Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 137.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 69,100 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Arista Wealth Management LLC’s holdings in ZIM Integrated Shipping Services were worth $1,467,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after buying an additional 3,781,745 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ZIM Integrated Shipping Services by 29,305.7% in the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after buying an additional 1,306,157 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 34.1% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock valued at $68,973,000 after buying an additional 825,848 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after buying an additional 788,514 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of ZIM Integrated Shipping Services by 5,075.5% in the second quarter. Man Group plc now owns 735,546 shares of the company’s stock valued at $11,835,000 after buying an additional 721,334 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $25.14 on Thursday. The company’s fifty day moving average is $26.22 and its two-hundred day moving average is $23.54. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. The company has a market cap of $3.03 billion, a P/E ratio of 31.04 and a beta of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, May 20th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. Equities analysts expect 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. Shareholders of record on Friday, March 20th were paid a dividend of $0.88 per share. This is an increase 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 annualized dividend and a yield of 14.0%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 7.41%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays upped their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their price target for the company from $11.50 to $31.80 in a report on Thursday, February 19th. Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Finally, Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.83.

ZIM Integrated Shipping Services Profile

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.