4,090 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,090 shares of the company’s stock, valued at approximately $88,000.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $773,000. MBE Wealth Management LLC grew its position in shares of ZIM Integrated Shipping Services by 58.9% in the 4th quarter. MBE Wealth Management LLC now owns 15,891 shares of the company’s stock valued at $341,000 after buying an additional 5,890 shares during the last quarter. Blue Trust Inc. increased its stake in shares of ZIM Integrated Shipping Services by 73.1% in the fourth quarter. Blue Trust Inc. now owns 34,256 shares of the company’s stock valued at $735,000 after buying an additional 14,471 shares during the period. PFG Investments LLC raised its position in shares of ZIM Integrated Shipping Services by 25.1% during the fourth quarter. PFG Investments LLC now owns 62,227 shares of the company’s stock worth $1,336,000 after acquiring an additional 12,473 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth approximately $960,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZIM. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays lowered their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group cut their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. 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 research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Trading Up 1.1 %

ZIM opened at $18.10 on Friday. The company has a fifty day moving average price of $19.88 and a two-hundred day moving average price of $20.44. ZIM Integrated Shipping Services Ltd. has a 1-year low of $9.08 and a 1-year high of $30.15. The company has a market cap of $2.18 billion, a P/E ratio of 1.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a yield of 62.12%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

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.