Global Retirement Partners LLC Has $442,000 Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Global Retirement Partners LLC lowered its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 23.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,221 shares of the company’s stock after selling 5,320 shares during the period. Global Retirement Partners LLC’s holdings in ZIM Integrated Shipping Services were worth $442,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ZIM. International Assets Investment Management LLC grew its stake in ZIM Integrated Shipping Services by 29.5% in the first quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock valued at $243,000 after acquiring an additional 5,200 shares during the period. Counterpoint Mutual Funds LLC grew its stake in ZIM Integrated Shipping Services by 105.9% in the first quarter. Counterpoint Mutual Funds LLC now owns 28,438 shares of the company’s stock valued at $288,000 after acquiring an additional 14,627 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in ZIM Integrated Shipping Services in the first quarter valued at approximately $310,000. Russell Investments Group Ltd. grew its stake in ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after acquiring an additional 5,667 shares during the period. Finally, Entropy Technologies LP acquired a new stake in ZIM Integrated Shipping Services in the first quarter valued at approximately $854,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ZIM shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. 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 note on Wednesday, August 28th. Jefferies Financial Group lowered ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, October 2nd. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $15.44.

ZIM Integrated Shipping Services Stock Up 8.0 %

ZIM stock opened at $24.70 on Tuesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $6.39 and a twelve month high of $26.20. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average is $20.20 and its 200-day moving average is $18.43. The firm has a market capitalization of $2.97 billion, a PE ratio of -1.52, a P/E/G ratio of 0.04 and a beta of 1.86.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The business had revenue of $1.93 billion for 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 last year, the company posted ($1.37) earnings per share. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 11.22 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were issued a dividend of $0.93 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 dividend on an annualized basis and a yield of 15.06%. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is -5.64%.

ZIM Integrated Shipping Services 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.