ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 2,228.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 402,862 shares of the company’s stock after purchasing an additional 385,562 shares during the quarter. International Assets Investment Management LLC owned about 0.33% of ZIM Integrated Shipping Services worth $10,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in ZIM Integrated Shipping Services by 479.9% in the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after acquiring an additional 2,181,000 shares during the last quarter. Marshall Wace LLP boosted its holdings in ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after acquiring an additional 2,072,715 shares during the last quarter. American Century Companies Inc. boosted its holdings in ZIM Integrated Shipping Services by 7.8% in the second quarter. American Century Companies Inc. now owns 1,759,141 shares of the company’s stock valued at $39,000,000 after acquiring an additional 127,229 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in ZIM Integrated Shipping Services in the second quarter valued at $14,383,000. Finally, Millennium Management LLC boosted its holdings in ZIM Integrated Shipping Services by 306.7% in the second quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock valued at $9,440,000 after acquiring an additional 321,100 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays lifted their target price on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lowered ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Bank of America raised their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $15.22.

ZIM Integrated Shipping Services Trading Down 1.9 %

NYSE:ZIM opened at $21.70 on Thursday. ZIM Integrated Shipping Services Ltd. has a 12 month low of $6.39 and a 12 month high of $26.20. The firm has a market capitalization of $2.61 billion, a PE ratio of -1.33, a price-to-earnings-growth ratio of 0.04 and a beta of 1.86. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The business’s 50-day moving average is $20.52 and its two-hundred day moving average is $18.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned ($1.37) earnings per share. Research analysts predict that ZIM Integrated Shipping Services Ltd. will post 12.11 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 17.14%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s payout ratio is presently -5.64%.

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.