Y Intercept Hong Kong Ltd Invests $2.61 Million in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Y Intercept Hong Kong Ltd purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 101,792 shares of the company's stock, valued at approximately $2,612,000. Y Intercept Hong Kong Ltd owned 0.08% of ZIM Integrated Shipping Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock worth $977,000 after acquiring an additional 591 shares during the period. Janney Montgomery Scott LLC lifted its position in ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock valued at $1,137,000 after purchasing an additional 915 shares during the period. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $26,000. Olympiad Research LP increased its position in ZIM Integrated Shipping Services by 12.9% during the 3rd quarter. Olympiad Research LP now owns 10,588 shares of the company's stock worth $272,000 after purchasing an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $31,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM traded down $0.27 during mid-day trading on Tuesday, reaching $20.33. 6,250,130 shares of the company's stock were exchanged, compared to its average volume of 6,253,407. The company has a 50-day simple moving average of $22.57 and a two-hundred day simple moving average of $20.75. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 1.70, a PEG ratio of 0.04 and a beta of 1.78. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.97 and a 52-week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a yield of 55.29%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio is 9.72%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America upped their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a report on Wednesday, August 28th. Jefferies Financial Group reiterated a "hold" rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Finally, Barclays boosted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and an average target price of $15.74.

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.