Qube Research & Technologies Ltd Grows Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Qube Research & Technologies Ltd increased its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 55.2% in the 1st quarter, Holdings Channel reports. The firm owned 187,465 shares of the company’s stock after buying an additional 66,640 shares during the period. Qube Research & Technologies Ltd’s holdings in ZIM Integrated Shipping Services were worth $13,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. U S Global Investors Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at approximately $506,000. Aviance Capital Partners LLC purchased a new stake in ZIM Integrated Shipping Services during the first quarter valued at approximately $291,000. New York State Common Retirement Fund increased its holdings in ZIM Integrated Shipping Services by 0.7% during the first quarter. New York State Common Retirement Fund now owns 294,469 shares of the company’s stock valued at $21,411,000 after buying an additional 2,092 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in ZIM Integrated Shipping Services by 232.2% during the first quarter. Commonwealth Equity Services LLC now owns 16,875 shares of the company’s stock valued at $1,226,000 after buying an additional 11,795 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in ZIM Integrated Shipping Services by 17.2% during the first quarter. Envestnet Asset Management Inc. now owns 47,102 shares of the company’s stock valued at $3,425,000 after buying an additional 6,903 shares during the last quarter. 47.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on ZIM shares. Bank of America cut shares of ZIM Integrated Shipping Services from a “buy” rating to an “underperform” rating and reduced their target price for the company from $79.00 to $40.00 in a report on Friday, July 1st. Jefferies Financial Group began coverage on shares of ZIM Integrated Shipping Services in a research report on Wednesday, July 20th. They set a “hold” rating and a $55.00 price objective for the company. Clarkson Capital reiterated a “neutral” rating on shares of ZIM Integrated Shipping Services in a research report on Tuesday, June 14th. Finally, JPMorgan Chase & Co. raised shares of ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and increased their target price for the company from $43.60 to $53.30 in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.66.

ZIM Integrated Shipping Services Stock Down 0.2 %

NYSE:ZIM opened at $49.94 on Friday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $40.67 and a fifty-two week high of $91.23. The stock has a market capitalization of $5.99 billion, a P/E ratio of 1.04 and a beta of 2.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.29. The company’s 50-day simple moving average is $50.55 and its 200-day simple moving average is $61.24.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 earnings per share for the quarter, beating analysts’ consensus estimates of $12.65 by $1.54. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. The business had revenue of $3.72 billion for the quarter. During the same quarter in the prior year, the business posted $5.13 earnings per share. On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 41.47 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Tuesday, May 31st were issued a $2.85 dividend. This represents a $11.40 dividend on an annualized basis and a dividend yield of 22.83%. The ex-dividend date was Friday, May 27th. ZIM Integrated Shipping Services’s dividend payout ratio is currently 23.80%.

About ZIM Integrated Shipping Services

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding ZIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating).

Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.