36,020 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 36,020 shares of the company’s stock, valued at approximately $773,000.

A number of other large investors also recently made changes to their positions in the business. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth $69,000. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter valued at $71,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 1.6 %

ZIM opened at $17.78 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 1.49, a P/E/G ratio of 0.23 and a beta of 1.77. The firm’s 50 day moving average is $19.76 and its 200-day moving average is $20.43. 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 52-week low of $9.08 and a 52-week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 63.20%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 9.72%.

Wall Street Analyst Weigh In

ZIM has been the subject of several research analyst reports. Jefferies Financial Group dropped their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.04.

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.