Entropy Technologies LP Boosts Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Entropy Technologies LP boosted its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 55.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,553 shares of the company's stock after purchasing an additional 22,009 shares during the period. Entropy Technologies LP owned about 0.05% of ZIM Integrated Shipping Services worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZIM. Migdal Insurance & Financial Holdings Ltd. grew its holdings in ZIM Integrated Shipping Services by 39.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388,000 shares of the company's stock valued at $9,956,000 after purchasing an additional 110,000 shares during the last quarter. Sigma Planning Corp increased its holdings in ZIM Integrated Shipping Services by 6.6% during the 3rd quarter. Sigma Planning Corp now owns 37,568 shares of the company's stock valued at $964,000 after acquiring an additional 2,317 shares in the last quarter. Olympiad Research LP raised its position in ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company's stock worth $272,000 after acquiring an additional 1,212 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $69,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $337,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 3.4 %

Shares of ZIM stock traded up $0.81 during trading hours on Wednesday, hitting $24.98. 2,622,343 shares of the company were exchanged, compared to its average volume of 5,998,049. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year 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 firm has a fifty day moving average of $21.44 and a 200 day moving average of $19.87.

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

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 14.89%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services's payout ratio is -1.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZIM. Bank of America increased their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Barclays boosted their target price on shares of 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. Jefferies Financial Group downgraded shares of 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. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $15.22.

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.