24,165 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,165 shares of the company’s stock, valued at approximately $620,000.

A number of other institutional investors have also recently bought and sold shares of ZIM. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares during the period. American Capital Advisory LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $69,000. Finally, Farther Finance Advisors LLC increased its position in shares of ZIM Integrated Shipping Services by 467.6% in the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares during the period. Institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $25.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research report on Monday. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Bank of America lifted their price target on 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. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.74.

ZIM Integrated Shipping Services Trading Up 4.8 %

ZIM opened at $22.11 on Thursday. The company’s 50 day moving average price is $22.94 and its two-hundred day moving average price is $20.64. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 1.85, a PEG ratio of 0.04 and a beta of 1.88. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week 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 disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a yield of 50.85%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

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.