Aigen Investment Management LP Acquires 61,532 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Aigen Investment Management LP increased its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 598.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,810 shares of the company's stock after buying an additional 61,532 shares during the period. Aigen Investment Management LP owned about 0.06% of ZIM Integrated Shipping Services worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in ZIM Integrated Shipping Services during the second quarter worth approximately $2,343,000. SG Americas Securities LLC lifted its stake in ZIM Integrated Shipping Services by 1,226.7% during the third quarter. SG Americas Securities LLC now owns 343,581 shares of the company's stock worth $8,816,000 after purchasing an additional 317,684 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 337.7% in the third quarter. Clear Harbor Asset Management LLC now owns 51,450 shares of the company's stock valued at $1,320,000 after acquiring an additional 39,695 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 306.7% in the second quarter. Millennium Management LLC now owns 425,795 shares of the company's stock valued at $9,440,000 after acquiring an additional 321,100 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZIM shares. Jefferies Financial Group downgraded ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a report on Wednesday, October 2nd. Bank of America raised their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research report on Wednesday, August 28th. Barclays increased their price objective on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $15.22.

ZIM Integrated Shipping Services Trading Up 1.5 %

Shares of ZIM Integrated Shipping Services stock traded up $0.36 on Tuesday, reaching $24.17. 3,212,089 shares of the company were exchanged, compared to its average volume of 6,009,631. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $26.20. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $21.31 and a 200-day moving average price of $19.80.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned ($1.37) EPS. On average, analysts expect that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 15.39%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently -1.41%.

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.