Lazard Asset Management LLC Has $331,000 Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Lazard Asset Management LLC increased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 4.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,443 shares of the company’s stock after purchasing an additional 722 shares during the period. Lazard Asset Management LLC’s holdings in ZIM Integrated Shipping Services were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZIM. Janney Montgomery Scott LLC increased its holdings in ZIM Integrated Shipping Services by 6.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,139 shares of the company’s stock worth $1,012,000 after buying an additional 2,847 shares during the last quarter. Inspire Investing LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $960,000. PFG Investments LLC increased its holdings in ZIM Integrated Shipping Services by 25.1% during the fourth quarter. PFG Investments LLC now owns 62,227 shares of the company’s stock worth $1,336,000 after buying an additional 12,473 shares during the last quarter. Blue Trust Inc. increased its holdings in ZIM Integrated Shipping Services by 73.1% during the fourth quarter. Blue Trust Inc. now owns 34,256 shares of the company’s stock worth $735,000 after buying an additional 14,471 shares during the last quarter. Finally, MBE Wealth Management LLC increased its holdings in ZIM Integrated Shipping Services by 58.9% during the fourth quarter. MBE Wealth Management LLC now owns 15,891 shares of the company’s stock worth $341,000 after buying an additional 5,890 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 1.0%

ZIM opened at $18.29 on Friday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.04 and a twelve month high of $30.15. The company has a 50-day simple moving average of $15.15 and a 200 day simple moving average of $18.64. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 1.53, a P/E/G ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid 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 was Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 69.33%. ZIM Integrated Shipping Services’s payout ratio is presently 6.51%.

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research report on Friday, April 11th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price 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. Five analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and a consensus price target of $14.05.

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.