24,165 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,165 shares of the company's stock, valued at approximately $620,000.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock worth $58,429,000 after buying an additional 2,181,000 shares during the last quarter. Marshall Wace LLP grew its stake in shares of ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock worth $53,148,000 after acquiring an additional 2,072,715 shares during the period. American Century Companies Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 7.8% during the second quarter. American Century Companies Inc. now owns 1,759,141 shares of the company's stock valued at $39,000,000 after purchasing an additional 127,229 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in ZIM Integrated Shipping Services by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock valued at $22,079,000 after purchasing an additional 36,692 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the second quarter worth approximately $14,383,000. 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 up $1.00 during mid-day trading on Thursday, reaching $22.10. 10,078,442 shares of the company traded hands, compared to its average volume of 7,520,002. The company's 50 day moving average price is $22.94 and its 200-day moving average price is $20.64. The firm has a market cap of $2.66 billion, a PE ratio of 1.85, a PEG ratio of 0.04 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a 52 week low of $6.39 and a 52 week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 50.86%. The ex-dividend date of this dividend is Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio is presently 9.72%.

Analysts Set New Price Targets

ZIM has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Bank of America raised their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research report on Wednesday, August 28th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a report on Monday. Finally, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.