ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 73.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,256 shares of the company’s stock after buying an additional 14,471 shares during the quarter. Blue Trust Inc.’s holdings in ZIM Integrated Shipping Services were worth $735,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. PFG Investments LLC increased its stake in shares of ZIM Integrated Shipping Services by 25.1% during the fourth quarter. PFG Investments LLC now owns 62,227 shares of the company’s stock valued at $1,336,000 after acquiring an additional 12,473 shares during the period. Inspire Investing LLC bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $960,000. Janney Montgomery Scott LLC increased its position in shares of ZIM Integrated Shipping Services by 6.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company’s stock valued at $1,012,000 after purchasing an additional 2,847 shares during the period. Astoria Portfolio Advisors LLC. bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth $967,000. Finally, Merit Financial Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $2,232,000. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ZIM shares. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group dropped their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Barclays dropped their price target on 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 analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Up 5.7 %

NYSE:ZIM opened at $17.85 on Thursday. The business’s fifty day moving average price is $20.06 and its 200 day moving average price is $20.46. The firm 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 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 $9.08 and a 1-year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $2.81 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 62.99%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

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.