Yorktown Management & Research Co Inc grew its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) by 61.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the company's stock after acquiring an additional 3,300 shares during the period. Yorktown Management & Research Co Inc's holdings in ZIM Integrated Shipping Services were worth $204,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. X Square Capital LLC acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth about $853,000. Gratus Capital LLC lifted its stake in ZIM Integrated Shipping Services by 12.3% in the third quarter. Gratus Capital LLC now owns 107,291 shares of the company's stock worth $2,521,000 after acquiring an additional 11,735 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $449,000. CIBC Asset Management Inc lifted its position in ZIM Integrated Shipping Services by 51.2% in the third quarter. CIBC Asset Management Inc now owns 159,514 shares of the company's stock valued at $3,749,000 after acquiring an additional 53,985 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of ZIM Integrated Shipping Services by 285.1% in the third quarter. Teacher Retirement System of Texas now owns 59,771 shares of the company's stock valued at $1,405,000 after buying an additional 44,251 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.
Get ZIM Integrated Shipping Services alerts:Wall Street Analyst Weigh In
ZIM has been the topic of several research reports. Jefferies Financial Group lowered their price target on shares of ZIM Integrated Shipping Services from $27.00 to $21.00 and set a "hold" rating on the stock in a research report on Tuesday, December 13th. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $63.00 to $26.50 and set an "equal weight" rating for the company in a report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.16.
ZIM Integrated Shipping Services Trading Up 3.2 %
Shares of NYSE:ZIM traded up $0.58 during mid-day trading on Monday, reaching $18.98. The stock had a trading volume of 1,495,983 shares, compared to its average volume of 3,723,527. The firm has a 50 day simple moving average of $19.52 and a two-hundred day simple moving average of $29.97. ZIM Integrated Shipping Services Ltd. has a twelve month low of $16.23 and a twelve month high of $91.23. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.28 billion, a PE ratio of 0.38 and a beta of 2.37.ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $9.66 EPS for the quarter, beating analysts' consensus estimates of $9.46 by $0.20. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.01 billion. ZIM Integrated Shipping Services had a return on equity of 118.65% and a net margin of 42.71%. On average, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 37.1 EPS for the current fiscal year.
ZIM Integrated Shipping Services Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Tuesday, November 29th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 62.17%. The ex-dividend date was Monday, November 28th. ZIM Integrated Shipping Services's dividend payout ratio is currently 24.04%.
About ZIM Integrated Shipping Services
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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.
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