Counterpoint Mutual Funds LLC Boosts Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Counterpoint Mutual Funds LLC boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 105.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,438 shares of the company’s stock after acquiring an additional 14,627 shares during the period. Counterpoint Mutual Funds LLC’s holdings in ZIM Integrated Shipping Services were worth $288,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Olympiad Research LP lifted its position in ZIM Integrated Shipping Services by 2.8% during the fourth quarter. Olympiad Research LP now owns 49,236 shares of the company’s stock valued at $486,000 after purchasing an additional 1,364 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in ZIM Integrated Shipping Services by 92.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock valued at $33,000 after purchasing an additional 1,601 shares during the last quarter. Citigroup Inc. lifted its position in ZIM Integrated Shipping Services by 77.1% during the third quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the last quarter. Blue Trust Inc. lifted its position in ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock valued at $45,000 after purchasing an additional 3,686 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in ZIM Integrated Shipping Services by 29.5% during the first quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock valued at $243,000 after purchasing an additional 5,200 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ZIM. Bank of America lowered their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research report on Tuesday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Citigroup downgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus target price of $12.01.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM traded up $0.48 during trading hours on Tuesday, hitting $20.73. The stock had a trading volume of 2,597,748 shares, compared to its average volume of 6,546,201. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a 50-day moving average price of $17.13 and a 200 day moving average price of $13.46. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $23.82. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -0.98, a PEG ratio of 0.18 and a beta of 1.87.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.34). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.42 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.44%. The ex-dividend date was Tuesday, June 4th. ZIM Integrated Shipping Services’s payout ratio is presently -4.35%.

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.