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

Several other hedge funds and other institutional investors also recently bought and sold shares of ZIM. Northern Trust Corp grew its position in ZIM Integrated Shipping Services by 150.2% in the 4th quarter. Northern Trust Corp now owns 212,148 shares of the company's stock valued at $4,555,000 after acquiring an additional 127,367 shares during the last quarter. Mariner LLC purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $735,000. Janney Montgomery Scott LLC raised its stake in shares of ZIM Integrated Shipping Services by 13.8% in the first quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company's stock worth $783,000 after purchasing an additional 6,519 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in ZIM Integrated Shipping Services by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,812 shares of the company's stock worth $1,427,000 after acquiring an additional 6,873 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in ZIM Integrated Shipping Services by 121.7% in the fourth quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company's stock valued at $270,000 after purchasing an additional 6,913 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM traded down $0.3650 during midday trading on Friday, hitting $14.3350. 7,396,345 shares of the company's stock were exchanged, compared to its average volume of 5,856,090. The firm has a market cap of $1.73 billion, a P/E ratio of 0.86, a PEG ratio of 0.20 and a beta of 1.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.10. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock's 50 day moving average price is $16.14 and its 200-day moving average price is $16.67.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 1.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZIM shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Wall Street Zen cut ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday. Barclays upped their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a research note on Friday. Finally, Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Strong Sell" and an average price target of $14.88.

ZIM Integrated Shipping Services Company 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.