BNP Paribas Financial Markets Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

BNP Paribas Financial Markets bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 762,979 shares of the company’s stock, valued at approximately $16,381,000. BNP Paribas Financial Markets owned about 0.63% of ZIM Integrated Shipping Services at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd grew its holdings in ZIM Integrated Shipping Services by 650.0% in the 4th 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 in the last quarter. Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $79,000. R Squared Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $88,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of ZIM Integrated Shipping Services by 26.5% during the fourth 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 period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $14.28 on Friday. The stock has a market cap of $1.72 billion, a PE ratio of 1.20, a P/E/G ratio of 0.27 and a beta of 1.84. 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 12-month low of $11.04 and a 12-month high of $30.15. The business’s 50-day moving average price is $15.39 and its two-hundred day moving average price is $18.94.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $3.17 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 88.80%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 6.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Finally, Bank of America decreased their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a report on Friday, April 11th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and a consensus price target of $13.06.

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.