82,467 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 82,467 shares of the company's stock, valued at approximately $1,771,000. Raymond James Financial Inc. owned about 0.07% of ZIM Integrated Shipping Services as of its most recent filing with the SEC.

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A number of other institutional investors and hedge funds have also bought and sold shares of ZIM. JPMorgan Chase & Co. lifted its position in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the period. Allianz Asset Management GmbH lifted its position in shares of ZIM Integrated Shipping Services by 39.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after acquiring an additional 393,215 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock worth $22,079,000 after purchasing an additional 36,692 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth $5,509,000. Finally, Verition Fund Management LLC increased its holdings in ZIM Integrated Shipping Services by 2,171.6% in the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company's stock valued at $5,339,000 after acquiring an additional 198,898 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on 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. Barclays cut their target price on shares of 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 reaffirmed a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.54.

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View Our Latest Research Report on ZIM

ZIM Integrated Shipping Services Trading Down 5.7 %

Shares of ZIM opened at $14.60 on Tuesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.75 and a twelve month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company's fifty day simple moving average is $18.63 and its 200-day simple moving average is $20.53. The company has a market cap of $1.76 billion, a P/E ratio of 1.22, a P/E/G ratio of 0.27 and a beta of 1.70.

• ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. 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 dividend yield of 86.88%. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services's payout ratio is currently 6.51%.

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.

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