Perigon Wealth Management LLC Buys Shares of 36,020 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Perigon Wealth Management LLC purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,020 shares of the company’s stock, valued at approximately $773,000.

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

Wall Street Analysts Forecast Growth

ZIM has been the subject of a number of recent research reports. Barclays lowered 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. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group dropped their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Five equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Stock Down 1.6 %

Shares of ZIM Integrated Shipping Services stock opened at $17.78 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. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15. The business’s fifty day moving average price is $19.76 and its two-hundred day moving average price is $20.43. The company has a market capitalization of $2.14 billion, a P/E ratio of 1.49, a PEG ratio of 0.23 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors 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 annualized dividend and a yield of 63.20%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is presently 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.