R Squared Ltd Takes Position in ZIM Integrated Shipping Services Ltd. $ZIM

R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,647 shares of the company’s stock, valued at approximately $171,000.

Several other large investors have also modified their holdings of the business. Aigen Investment Management LP raised its holdings in shares of ZIM Integrated Shipping Services by 5.4% in the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company’s stock valued at $246,000 after purchasing an additional 867 shares in the last quarter. Autumn Glory Partners LLC raised its holdings in shares of ZIM Integrated Shipping Services by 6.0% in the 2nd quarter. Autumn Glory Partners LLC now owns 35,500 shares of the company’s stock valued at $571,000 after purchasing an additional 2,000 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at about $30,000. State of Wyoming raised its holdings in shares of ZIM Integrated Shipping Services by 11.3% in the 1st quarter. State of Wyoming now owns 25,670 shares of the company’s stock valued at $375,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of ZIM Integrated Shipping Services by 8.2% in the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after purchasing an additional 3,102 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $14.62.

ZIM Integrated Shipping Services Stock Down 0.4%

NYSE:ZIM opened at $13.72 on Friday. The company has a market cap of $1.65 billion, a PE ratio of 0.82 and a beta of 1.72. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $13.92 and its two-hundred day moving average is $15.29.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($1.31). The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. ZIM Integrated Shipping Services’s payout ratio is currently 1.44%.

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.