ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Purchased by PDT Partners LLC

PDT Partners LLC lifted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 48.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,292 shares of the company’s stock after purchasing an additional 83,625 shares during the period. ZIM Integrated Shipping Services accounts for approximately 0.6% of PDT Partners LLC’s investment portfolio, making the stock its 9th biggest holding. PDT Partners LLC owned approximately 0.21% of ZIM Integrated Shipping Services worth $6,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of ZIM Integrated Shipping Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock valued at $977,000 after acquiring an additional 591 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after acquiring an additional 915 shares during the period. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Olympiad Research LP increased its stake in ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ZIM. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Bank of America increased their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Jefferies Financial Group reiterated a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Barclays increased their target price on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.74.

ZIM Integrated Shipping Services Stock Down 0.3 %

ZIM opened at $22.03 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $30.15. The firm’s fifty day moving average is $23.01 and its 200 day moving average is $20.67. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 1.85, a price-to-earnings-growth ratio of 0.05 and a beta of 1.88.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $2.81 dividend. This represents a $11.24 annualized dividend and a yield of 51.02%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 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.