3,683 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,683 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZIM. WINTON GROUP Ltd purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $220,000. Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after acquiring an additional 900 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of ZIM Integrated Shipping Services by 44.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 129,100 shares of the company’s stock worth $2,772,000 after acquiring an additional 39,700 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $483,000. Finally, Sei Investments Co. raised its holdings in ZIM Integrated Shipping Services by 25.2% in the 4th quarter. Sei Investments Co. now owns 132,051 shares of the company’s stock worth $2,835,000 after purchasing an additional 26,549 shares during the period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $15.42 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.75 and a twelve month high of $30.15. The business has a 50-day moving average price of $18.61 and a 200-day moving average price of $20.51. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.99 billion. As a group, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a yield of 82.25%. The ex-dividend date is Monday, March 24th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 6.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays cut their price target on 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. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus target price of $13.54.

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.