Counterpoint Mutual Funds LLC Acquires 25,555 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Counterpoint Mutual Funds LLC boosted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 45.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,472 shares of the company's stock after buying an additional 25,555 shares during the period. ZIM Integrated Shipping Services makes up 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 27th biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.07% of ZIM Integrated Shipping Services worth $1,749,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ZIM. Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $71,000. Mark Sheptoff Financial Planning LLC grew its holdings in ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock worth $87,000 after purchasing an additional 1,900 shares during the period. R Squared Ltd bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $88,000. HighTower Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at $263,000. Finally, Copperwynd Financial LLC purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $301,000. Institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded down $0.15 during midday trading on Friday, hitting $17.82. The company's stock had a trading volume of 10,035,054 shares, compared to its average volume of 5,638,601. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 1.49, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. 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 12 month low of $9.47 and a 12 month high of $30.15. The company has a 50 day moving average of $18.89 and a two-hundred day moving average of $20.56.

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ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 71.16%. ZIM Integrated Shipping Services's payout ratio is presently 6.51%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ZIM shares. JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Barclays lowered their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday. Finally, Jefferies Financial Group restated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.54.

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.