Yelin Lapidot Holdings Management Ltd. Buys 1,191,480 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Yelin Lapidot Holdings Management Ltd. increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 96.7% in the third quarter, HoldingsChannel reports. The firm owned 2,422,986 shares of the company’s stock after buying an additional 1,191,480 shares during the quarter. ZIM Integrated Shipping Services makes up approximately 6.9% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 3rd biggest holding. Yelin Lapidot Holdings Management Ltd.’s holdings in ZIM Integrated Shipping Services were worth $32,831,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. VestGen Advisors LLC purchased a new position in ZIM Integrated Shipping Services during the second quarter worth about $2,075,000. Global Retirement Partners LLC purchased a new stake in ZIM Integrated Shipping Services during the second quarter worth approximately $570,000. Leuthold Group LLC purchased a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth $205,000. Y Intercept Hong Kong Ltd grew its stake in shares of ZIM Integrated Shipping Services by 262.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 328,041 shares of the company’s stock valued at $5,278,000 after buying an additional 237,506 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in ZIM Integrated Shipping Services by 99.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 115,855 shares of the company’s stock valued at $1,864,000 after acquiring an additional 57,828 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 0.5%

Shares of ZIM Integrated Shipping Services stock opened at $22.40 on Monday. ZIM Integrated Shipping Services Ltd. has a 12-month low of $11.03 and a 12-month high of $22.80. The stock has a 50 day moving average price of $19.02 and a two-hundred day moving average price of $16.32. 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 has a market capitalization of $2.70 billion, a P/E ratio of 2.69 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%.The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. Equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a $0.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.24 annualized dividend and a yield of 5.5%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 2.88%.

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, December 8th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Wall Street Zen upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Four research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $14.15.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.