GSA Capital Partners LLP Invests $363,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

GSA Capital Partners LLP purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,151 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ZIM Integrated Shipping Services by 2,341.8% in the second 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 in the last quarter. Russell Investments Group Ltd. raised its stake in ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after buying an additional 5,667 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at $69,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Down 10.2 %

ZIM opened at $24.26 on Friday. The business’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $20.40. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. ZIM Integrated Shipping Services Ltd. has a one year low of $6.39 and a one year high of $30.15. The stock has a market capitalization of $2.92 billion, a P/E ratio of -1.49, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company posted ($1.37) earnings per share. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 13.65 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a dividend of $2.81 per share. The ex-dividend date is Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 46.34%. 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 (DPR) is currently -7.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZIM shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America raised 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. Jefferies Financial Group restated a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Finally, Barclays lifted their target price on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $15.22.

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.