Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 9,573.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,477 shares of the company's stock after buying an additional 366,647 shares during the quarter. Quantbot Technologies LP owned 0.31% of ZIM Integrated Shipping Services worth $9,506,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Qsemble Capital Management LP purchased a new position in ZIM Integrated Shipping Services during the third quarter worth about $548,000. Charles Schwab Investment Management Inc. increased its position in ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock worth $22,079,000 after purchasing an additional 36,692 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 26.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock worth $15,377,000 after buying an additional 126,459 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $2,294,000. Finally, Aigen Investment Management LP grew its holdings in ZIM Integrated Shipping Services by 598.7% during the third quarter. Aigen Investment Management LP now owns 71,810 shares of the company's stock worth $1,843,000 after acquiring an additional 61,532 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Price Performance
Shares of NYSE ZIM traded down $1.15 on Tuesday, hitting $21.08. The company's stock had a trading volume of 10,198,351 shares, compared to its average volume of 6,201,612. The stock has a 50 day moving average of $22.85 and a 200-day moving average of $20.60. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 1.77, a price-to-earnings-growth ratio of 0.05 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a 12-month low of $6.39 and a 12-month high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $2.81 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 53.32%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's dividend payout ratio is presently 9.72%.
Wall Street Analyst Weigh In
ZIM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Bank of America raised their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Barclays increased their target price on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a report on Monday. Jefferies Financial Group reiterated a "hold" rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Hold" and an average price target of $15.74.
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About ZIM Integrated Shipping Services
(
Free Report)
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.
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