Blue Trust Inc. Raises Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Blue Trust Inc. boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 73.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,256 shares of the company’s stock after purchasing an additional 14,471 shares during the quarter. Blue Trust Inc.’s holdings in ZIM Integrated Shipping Services were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after purchasing an additional 1,850 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of ZIM Integrated Shipping Services during the third quarter worth about $69,000. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter worth about $71,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Performance

ZIM stock opened at $17.85 on Thursday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 1.49, a PEG ratio of 0.21 and a beta of 1.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock’s fifty day moving average is $20.06 and its two-hundred day moving average is $20.46.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 62.99%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZIM. Jefferies Financial Group cut their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Barclays dropped their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Five research 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. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $15.04.

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.