Quantbot Technologies LP Has $10.82 Million Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Quantbot Technologies LP raised its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 503,711 shares of the company's stock after purchasing an additional 133,234 shares during the period. Quantbot Technologies LP owned 0.42% of ZIM Integrated Shipping Services worth $10,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in ZIM Integrated Shipping Services by 32.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,557 shares of the company's stock valued at $2,030,000 after purchasing an additional 23,144 shares during the last quarter. Boston Partners acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $845,000. Counterpoint Mutual Funds LLC grew its stake in shares of ZIM Integrated Shipping Services by 45.7% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 81,472 shares of the company's stock worth $1,749,000 after acquiring an additional 25,555 shares during the last quarter. Copperwynd Financial LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $301,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of ZIM Integrated Shipping Services by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company's stock worth $852,000 after acquiring an additional 12,657 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

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Analyst Upgrades and Downgrades

ZIM has been the topic of several research analyst reports. Barclays lowered their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research note on Monday. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Jefferies Financial Group restated a "hold" rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.54.

ZIM Integrated Shipping Services Stock Performance

ZIM stock traded up $0.37 during midday trading on Tuesday, hitting $18.80. The stock had a trading volume of 8,545,795 shares, compared to its average volume of 5,584,073. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 1.57, a P/E/G ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The stock has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $20.59. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. The ex-dividend date is Monday, March 24th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 67.45%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.

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.