Y Intercept Hong Kong Ltd Buys New Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Y Intercept Hong Kong Ltd purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 101,792 shares of the company’s stock, valued at approximately $2,612,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZIM. Renaissance Technologies LLC raised its stake in ZIM Integrated Shipping Services by 479.9% during 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 position 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 worth $53,148,000 after acquiring an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth about $14,383,000. International Assets Investment Management LLC lifted its stake in shares of 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 valued at $10,337,000 after purchasing an additional 385,562 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZIM. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Barclays raised their price target 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, November 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Bank of America increased their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $15.74.

ZIM Integrated Shipping Services Stock Down 1.7 %

ZIM Integrated Shipping Services stock opened at $20.61 on Tuesday. 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 firm’s fifty day moving average price is $22.67 and its two-hundred day moving average price is $20.74. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 1.73, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services Ltd. has a 1-year low of $6.97 and a 1-year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 54.55%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is 9.72%.

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.