GSA Capital Partners LLP Invests $363,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

GSA Capital Partners LLP bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,151 shares of the company’s stock, valued at approximately $363,000.

A number of other hedge funds have also recently modified their holdings of ZIM. Renaissance Technologies LLC boosted its stake in shares of 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 worth $58,429,000 after buying an additional 2,181,000 shares during the last quarter. Marshall Wace LLP raised its holdings in 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 worth $53,148,000 after purchasing an additional 2,072,715 shares during the period. Encompass Capital Advisors LLC acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter worth about $14,383,000. International Assets Investment Management LLC raised its holdings in 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 purchasing an additional 385,562 shares during the period. Finally, Millennium Management LLC raised its holdings in ZIM Integrated Shipping Services by 306.7% in the 2nd quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock worth $9,440,000 after purchasing an additional 321,100 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZIM. Bank of America upped their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Barclays increased 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 reissued a “hold” rating and set a $25.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $15.22.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $24.26 on Friday. ZIM Integrated Shipping Services Ltd. has a one year low of $6.39 and a one year high of $30.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. The stock has a market cap of $2.92 billion, a PE ratio of -1.49, a P/E/G ratio of 0.04 and a beta of 1.88. The stock has a 50 day moving average price of $22.67 and a 200 day moving average price of $20.40.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.07 by $1.01. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same period in the prior year, the business posted ($1.37) earnings per share. Equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 13.65 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $2.81 dividend. This represents a $11.24 annualized dividend and a yield of 46.34%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is presently -7.12%.

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.