Decker Retirement Planning Inc. Acquires Shares of 256,587 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Decker Retirement Planning Inc. purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, Holdings Channel reports. The fund purchased 256,587 shares of the company’s stock, valued at approximately $5,509,000. ZIM Integrated Shipping Services makes up about 3.2% of Decker Retirement Planning Inc.’s holdings, making the stock its 8th largest position.

Several other institutional investors also recently added to or reduced their stakes in ZIM. Fairman Group LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after purchasing an additional 1,850 shares during the last quarter. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services during the third quarter valued at $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $71,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group dropped their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Barclays reduced their target price 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. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Stock Down 4.5 %

ZIM stock opened at $16.72 on Friday. The stock has a 50-day simple moving average of $21.43 and a two-hundred day simple moving average of $20.67. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. The firm has a market capitalization of $2.01 billion, a PE ratio of 1.40, a PEG ratio of 0.22 and a beta of 1.77. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 67.24%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 9.72%.

ZIM Integrated Shipping Services Company 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.