Segall Bryant & Hamill LLC Increases Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Segall Bryant & Hamill LLC increased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,100 shares of the company’s stock after purchasing an additional 39,700 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ZIM Integrated Shipping Services were worth $2,772,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock valued at $22,079,000 after acquiring an additional 36,692 shares during the period. Qsemble Capital Management LP acquired a new position in ZIM Integrated Shipping Services during the third quarter valued at $548,000. Blueshift Asset Management LLC purchased a new stake in ZIM Integrated Shipping Services in the third quarter valued at $620,000. Verition Fund Management LLC grew its position in ZIM Integrated Shipping Services by 2,171.6% during the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company’s stock worth $5,339,000 after purchasing an additional 198,898 shares during the period. Finally, PDT Partners LLC raised its stake in shares of ZIM Integrated Shipping Services by 48.7% during the 3rd quarter. PDT Partners LLC now owns 255,292 shares of the company’s stock valued at $6,551,000 after buying an additional 83,625 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 0.4 %

ZIM Integrated Shipping Services stock opened at $15.41 on Friday. 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 market capitalization of $1.85 billion, a PE ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a 50 day simple moving average of $18.69 and a 200-day simple moving average of $20.52.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a $3.17 dividend. 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 dividend payout ratio (DPR) is currently 6.51%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZIM. Jefferies Financial Group restated a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Company 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.