OMERS ADMINISTRATION Corp Boosts Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

OMERS ADMINISTRATION Corp increased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 99.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,855 shares of the company’s stock after purchasing an additional 57,828 shares during the period. OMERS ADMINISTRATION Corp’s holdings in ZIM Integrated Shipping Services were worth $1,864,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in ZIM Integrated Shipping Services during the second quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $37,000. Allworth Financial LP increased its stake in ZIM Integrated Shipping Services by 230.6% in the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after purchasing an additional 2,537 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of ZIM Integrated Shipping Services by 206.7% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock valued at $74,000 after purchasing an additional 3,100 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of ZIM Integrated Shipping Services by 2,256.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock worth $82,000 after purchasing an additional 4,897 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZIM. JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a report on Monday. Barclays dropped their price objective on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Thursday, November 20th. UBS Group set a $9.70 target price on ZIM Integrated Shipping Services in a report on Monday, November 24th. Finally, Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $13.25.

ZIM Integrated Shipping Services Trading Up 1.7%

NYSE ZIM opened at $19.63 on Wednesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $23.61. The firm has a market capitalization of $2.36 billion, a PE ratio of 2.36 and a beta of 1.70. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average is $15.18 and its 200 day moving average is $15.66.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be paid a $0.31 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, December 1st. ZIM Integrated Shipping Services’s payout ratio is currently 2.88%.

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.