Decker Retirement Planning Inc. Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Decker Retirement Planning Inc. purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 256,587 shares of the company’s stock, valued at approximately $5,509,000. ZIM Integrated Shipping Services comprises about 3.2% of Decker Retirement Planning Inc.’s portfolio, making the stock its 8th largest position. Decker Retirement Planning Inc. owned about 0.21% of ZIM Integrated Shipping Services as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Marshall Wace LLP boosted its stake in shares of ZIM Integrated Shipping Services by 638.6% in the 2nd quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after purchasing an additional 2,072,715 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after acquiring an additional 674,723 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth about $14,383,000. International Assets Investment Management LLC raised its position in shares of ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

ZIM has been the subject of several recent analyst reports. Barclays reduced 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 report on Friday, January 10th. Jefferies Financial Group decreased their price target on shares of 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. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $16.72 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The company has a fifty day moving average price of $21.43 and a 200-day moving average price of $20.67. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 1.40, a PEG ratio of 0.22 and a beta of 1.77.

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 paid a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 67.24%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 9.72%.

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.