<div id="readability-page-1"><p>Raymond James Financial Inc. acquired a new stake in shares of  ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  acquired 82,467 shares of the company's stock, valued at approximately $1,771,000. Raymond James Financial Inc. owned about 0.07% of ZIM Integrated Shipping Services as of its most recent filing with the SEC.</p><ul><li>Oil’s Rally Could Boost These 3 Shipping Stocks</li></ul><p>A number of other institutional investors and hedge funds have also bought and sold shares of ZIM. JPMorgan Chase &amp; Co. lifted its position in  ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase &amp; Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the period.  Allianz Asset Management GmbH lifted its position in shares of  ZIM Integrated Shipping Services by 39.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after acquiring an additional 393,215 shares in the last quarter.  Charles Schwab Investment Management Inc. boosted its stake in  ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock worth $22,079,000 after purchasing an additional 36,692 shares during the period.  Decker Retirement Planning Inc. bought a new position in shares of  ZIM Integrated Shipping Services during the fourth quarter worth $5,509,000.  Finally, Verition Fund Management LLC increased its holdings in  ZIM Integrated Shipping Services by 2,171.6% in the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company's stock valued at $5,339,000 after acquiring an additional 198,898 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities analysts have weighed in on the company. JPMorgan Chase &amp; Co. cut their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an &#34;underweight&#34; rating for the company in a report on Friday, March 7th. Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an &#34;underweight&#34; rating for the company in a report on Monday, March 17th. Finally, Jefferies Financial Group  reaffirmed a &#34;hold&#34; rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one  has given a hold rating and one  has issued  a strong buy rating to the company. According to data from MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and a consensus price target of $13.54.</p><ul><li>Spotlight on ZIM: Take Advantage of Shipping Stock Upside</li></ul><p><b>View Our Latest Research Report on ZIM</b></p><h2>ZIM Integrated Shipping Services Trading Down 5.7 %</h2><p>Shares of ZIM opened at $14.60 on Tuesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.75 and a twelve month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company's fifty day simple moving average is $18.63 and its 200-day simple moving average is $20.53. The company has a market cap of $1.76 billion, a P/E ratio of 1.22, a P/E/G ratio of 0.27 and a beta of 1.70. </p><ul><li>ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend</li></ul><p>ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%.  As a group, analysts expect that  ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year. </p><h2>ZIM Integrated Shipping Services Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 86.88%. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services's payout ratio is currently 6.51%. </p><h2>ZIM Integrated Shipping Services Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than ZIM Integrated Shipping Services</li><li>How to Capture the Benefits of Dividend Increases</li><li>3 Buyable Stocks With Solid Bottoms Ready to Rebound</li><li>What is the NASDAQ Stock Exchange?</li><li>Advantage+ Shopping: Meta's Fast Growing $20 Billion AI-Ads Star</li><li>How to Calculate Options Profits</li><li>Robotaxi News: What Tesla and Lyft Headlines Mean for Shares</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVpJTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVpJTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ZIM Integrated Shipping Services Right Now?</h2><p>Before you consider ZIM Integrated Shipping Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.</p><p>While ZIM Integrated Shipping Services currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Raymond James Financial Inc. acquired 82,467 shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, valued at approximately $1.77 million. Other institutional investors, including JPMorgan Chase and Allianz Asset Management, also increased their stakes in ZIM. Analysts have mixed ratings on the stock, with a consensus price target of $13.54. ZIM recently reported strong earnings, exceeding estimates, and announced a dividend increase to $3.17 per share, reflecting a positive outlook for the company.</p>

82,467 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Raymond James Financial Inc.