Quadrature Capital Ltd Acquires Shares of 135,900 ZIM Integrated Shipping Services Ltd. $ZIM

Quadrature Capital Ltd bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 135,900 shares of the company’s stock, valued at approximately $2,185,000. Quadrature Capital Ltd owned about 0.11% of ZIM Integrated Shipping Services at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in ZIM Integrated Shipping Services during the second quarter valued at about $37,000. Allworth Financial LP boosted its position in ZIM Integrated Shipping Services by 230.6% during the second quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after purchasing an additional 2,537 shares during the period. Mark Sheptoff Financial Planning LLC boosted its position in ZIM Integrated Shipping Services by 206.7% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock worth $74,000 after purchasing an additional 3,100 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of ZIM Integrated Shipping Services by 2,256.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock worth $82,000 after purchasing an additional 4,897 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a $15.00 price target on shares of ZIM Integrated Shipping Services in a research note on Thursday, November 20th. Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a report on Monday, November 24th. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Strong Sell” and an average price target of $13.42.

ZIM Integrated Shipping Services Stock Up 3.2%

Shares of NYSE:ZIM opened at $20.34 on Friday. The firm has a fifty day moving average price of $14.98 and a two-hundred day moving average price of $15.66. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 2.44 and a beta of 1.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. ZIM Integrated Shipping Services Ltd. has a one year low of $11.03 and a one year high of $23.61.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%.The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. This represents a $1.24 annualized dividend and a dividend yield of 6.1%. ZIM Integrated Shipping Services’s payout ratio is presently 2.88%.

About ZIM Integrated Shipping Services

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.