Quantbot Technologies LP Purchases 81,022 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Quantbot Technologies LP increased its stake in ZIM Integrated Shipping Services by 16.1%, acquiring 81,022 shares for a total of 584,733 shares valued at approximately $8.53 million.
• A recent earnings report showed ZIM earned $2.45 per share, exceeding analysts' expectations, with revenues of $2.01 billion for the quarter.
• The company recently paid a dividend of $0.74 per share, reflecting a substantial yield of 1,696.0%, with a payout ratio of 4.76%.

Quantbot Technologies LP boosted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,733 shares of the company's stock after purchasing an additional 81,022 shares during the period. Quantbot Technologies LP owned about 0.49% of ZIM Integrated Shipping Services worth $8,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at approximately $12,322,000. BNP Paribas Financial Markets purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $16,381,000. Point72 Asset Management L.P. bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $14,324,000. Nomura Holdings Inc. purchased a new position in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $13,148,000. Finally, Nuveen Asset Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 750.0% during the 4th quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock valued at $13,437,000 after purchasing an additional 552,206 shares during the period. Institutional investors own 21.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZIM. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a report on Friday, June 27th. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Citigroup reissued a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Finally, Jefferies Financial Group raised their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and an average target price of $14.82.

ZIM Integrated Shipping Services Stock Down 3.8%

ZIM opened at $16.32 on Monday. The business has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $16.74. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. The stock has a market capitalization of $1.96 billion, a P/E ratio of 0.84, a P/E/G ratio of 0.22 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same quarter last year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a yield of 1,696.0%. ZIM Integrated Shipping Services's payout ratio is presently 4.76%.

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.

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