Jenkins Wealth Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Jenkins Wealth purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) in the fourth quarter, Holdings Channel.com reports. The firm purchased 66,004 shares of the company’s stock, valued at approximately $1,135,000. ZIM Integrated Shipping Services comprises 0.5% of Jenkins Wealth’s investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently made changes to their positions in ZIM. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $1,851,000. Bank of New York Mellon Corp bought a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $13,790,000. American Century Companies Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $527,000. Cetera Advisor Networks LLC bought a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $244,000. Finally, PNC Financial Services Group Inc. grew its position in ZIM Integrated Shipping Services by 1,625.0% during the first quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $502,000 after buying an additional 6,500 shares during the period. 36.74% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.60 and a quick ratio of 1.50. ZIM Integrated Shipping Services Ltd. has a 1-year low of $16.23 and a 1-year high of $88.73. The company has a market capitalization of $2.88 billion, a P/E ratio of 0.63 and a beta of 2.19. The firm’s 50 day simple moving average is $20.79 and its two-hundred day simple moving average is $22.74.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last issued its quarterly earnings results on Monday, March 13th. The company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.26 by $1.18. ZIM Integrated Shipping Services had a net margin of 36.77% and a return on equity of 87.07%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm earned $14.17 earnings per share. Research analysts expect that ZIM Integrated Shipping Services Ltd. will post -1.08 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 Monday, April 3rd. Shareholders of record on Friday, March 24th will be issued a dividend of $6.40 per share. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $25.60 annualized dividend and a yield of 106.76%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. ZIM Integrated Shipping Services’s payout ratio is currently 30.76%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ZIM shares. Jefferies Financial Group restated a “hold” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Monday, March 13th. Barclays lowered shares of ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $26.50 to $15.00 in a research report on Monday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $17.60 to $30.40 in a research report on Friday, February 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $27.08.

ZIM Integrated Shipping Services Profile

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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.