Blueshift Asset Management LLC Has $307,000 Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Blueshift Asset Management LLC cut its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 40.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,303 shares of the company’s stock after selling 9,862 shares during the quarter. Blueshift Asset Management LLC’s holdings in ZIM Integrated Shipping Services were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ZIM. Teacher Retirement System of Texas boosted its position in ZIM Integrated Shipping Services by 32.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company’s stock valued at $2,030,000 after acquiring an additional 23,144 shares during the last quarter. Boston Partners acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $845,000. Counterpoint Mutual Funds LLC increased its holdings in ZIM Integrated Shipping Services by 45.7% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 81,472 shares of the company’s stock worth $1,749,000 after purchasing an additional 25,555 shares in the last quarter. Copperwynd Financial LLC acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $301,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company’s stock worth $852,000 after buying an additional 12,657 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 0.8 %

Shares of NYSE ZIM opened at $17.82 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $20.56. The stock has a market capitalization of $2.15 billion, a P/E ratio of 1.49, a P/E/G ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.47 and a 1 year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a yield of 71.16%. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZIM. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.54.

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.