BNP Paribas Financial Markets Purchases Shares of 762,979 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

BNP Paribas Financial Markets purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 762,979 shares of the company’s stock, valued at approximately $16,381,000.

Several other institutional investors also recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after purchasing an additional 900 shares during the last quarter. Altshuler Shaham Ltd increased its stake in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares during the period. Truist Financial Corp raised its position in shares of ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock worth $318,000 after acquiring an additional 1,376 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company’s stock worth $263,000 after acquiring an additional 2,080 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $45,000. Institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZIM. Bank of America lowered their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a report on Friday, April 11th. Jefferies Financial Group restated a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays decreased their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective 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 analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.06.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $14.28 on Friday. The firm’s 50-day moving average price is $15.39 and its 200-day moving average price is $18.94. The firm has a market capitalization of $1.72 billion, a P/E ratio of 1.20, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.04 and a 1-year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.99 billion. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued 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 yield of 88.80%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services’s payout ratio is currently 6.51%.

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.