Global Retirement Partners LLC Makes New $570,000 Investment in ZIM Integrated Shipping Services Ltd. $ZIM

Global Retirement Partners LLC purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the second quarter, HoldingsChannel reports. The firm purchased 35,446 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $15,850,000. Nuveen LLC acquired a new stake in ZIM Integrated Shipping Services in the first quarter worth $12,322,000. Goldman Sachs Group Inc. boosted its position in shares of ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ZIM Integrated Shipping Services by 2,111.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 761,344 shares of the company’s stock valued at $12,250,000 after buying an additional 726,923 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter valued at $8,112,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $20.34 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 2.44 and a beta of 1.73. The stock’s 50-day moving average is $14.98 and its 200-day moving average is $15.67. 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 announced its earnings results 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). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. Equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share 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 given a $0.31 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, December 1st. ZIM Integrated Shipping Services’s payout ratio is presently 2.88%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Barclays lowered their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 price objective on shares of ZIM Integrated Shipping Services in a report on Thursday, November 20th. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.70 and set an “underweight” rating for the company in a research report on Monday, November 24th. Finally, Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Strong Sell” and a consensus price target of $13.42.

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.