Unison Advisors LLC Makes New $594,000 Investment in ZIM Integrated Shipping Services Ltd. $ZIM

Unison Advisors LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,984 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $29,000. Quarry LP purchased a new position in ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Triumph Capital Management acquired a new position in ZIM Integrated Shipping Services during the third quarter valued at approximately $44,000. Larson Financial Group LLC lifted its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock valued at $44,000 after buying an additional 1,998 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in ZIM Integrated Shipping Services during the third quarter worth approximately $49,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

ZIM opened at $26.25 on Monday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $29.97. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 6.59 and a beta of 1.55. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $25.75 and a 200 day simple moving average of $20.46.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $1.48 billion for the quarter. ZIM Integrated Shipping Services had a net margin of 6.94% and a return on equity of 9.33%. Equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 13.4%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, March 20th. ZIM Integrated Shipping Services’s payout ratio is presently 1.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Jefferies Financial Group raised their price objective on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, December 8th. Finally, Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $17.48.

ZIM Integrated Shipping Services Company 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.