Blue Trust Inc. Grows Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Blue Trust Inc. lifted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 73.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,256 shares of the company's stock after buying an additional 14,471 shares during the quarter. Blue Trust Inc.'s holdings in ZIM Integrated Shipping Services were worth $735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZIM. JPMorgan Chase & Co. grew its position in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after acquiring an additional 674,723 shares during the period. International Assets Investment Management LLC increased its position in shares of ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after buying an additional 385,562 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $2,612,000. Blueshift Asset Management LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $620,000. Finally, Quantbot Technologies LP grew its stake in ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock valued at $9,506,000 after acquiring an additional 366,647 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ZIM. Jefferies Financial Group reduced their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday, December 17th. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.04.

ZIM Integrated Shipping Services Price Performance

ZIM traded down $0.09 during trading on Thursday, reaching $17.81. The company's stock had a trading volume of 1,712,926 shares, compared to its average volume of 5,788,283. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 1.49, a PEG ratio of 0.21 and a beta of 1.77. The firm has a fifty day simple moving average of $19.88 and a two-hundred day simple moving average of $20.44. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 63.10%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is 9.72%.

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.