ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 9,573.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 370,477 shares of the company’s stock after buying an additional 366,647 shares during the quarter. Quantbot Technologies LP owned 0.31% of ZIM Integrated Shipping Services worth $9,506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC lifted its stake 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 worth $58,429,000 after acquiring an additional 2,181,000 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of 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 valued at $53,148,000 after purchasing an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at $14,383,000. International Assets Investment Management LLC lifted its position in shares of ZIM Integrated Shipping Services by 2,228.7% during 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 last quarter. Finally, Millennium Management LLC grew its stake in shares of ZIM Integrated Shipping Services by 306.7% during the second 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 in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Down 6.5 %

ZIM Integrated Shipping Services stock opened at $22.24 on Tuesday. The company has a market capitalization of $2.68 billion, a P/E ratio of 1.86, a PEG ratio of 0.05 and a beta of 1.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $30.15. The stock has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $20.60.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 50.54%. ZIM Integrated Shipping Services’s payout ratio is 9.72%.

Analysts Set New Price Targets

A number of analysts have weighed in on ZIM shares. Bank of America raised their price target 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. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a report on Monday. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.74.

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.