CWA Asset Management Group LLC Takes $1.21 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

CWA Asset Management Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the third quarter, Holdings Channel reports. The institutional investor purchased 88,894 shares of the company’s stock, valued at approximately $1,205,000.

Other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of ZIM Integrated Shipping Services by 134.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock worth $70,286,000 after acquiring an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of ZIM Integrated Shipping Services by 29,305.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after purchasing an additional 1,306,157 shares during the period. Jump Financial LLC lifted its holdings in ZIM Integrated Shipping Services by 204.0% during the 2nd quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock worth $24,716,000 after purchasing an additional 1,030,817 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in ZIM Integrated Shipping Services during the 2nd quarter worth about $15,850,000. Finally, Goldman Sachs Group Inc. boosted its stake in ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 6.4%

Shares of ZIM Integrated Shipping Services stock opened at $22.25 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. ZIM Integrated Shipping Services Ltd. has a 1 year low of $11.03 and a 1 year high of $22.80. The firm has a market cap of $2.68 billion, a PE ratio of 2.67 and a beta of 1.70. The company has a 50 day simple moving average of $18.58 and a two-hundred day simple moving average of $16.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.65). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a dividend of $0.31 per share. The ex-dividend date was Monday, December 1st. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. This represents a $1.24 dividend on an annualized basis and a yield of 5.6%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 2.88%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZIM. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a report on Monday, December 1st. Barclays increased their target price on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a research note on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Finally, UBS Group set a $9.70 price objective on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Four analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $14.15.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.