Copperwynd Financial LLC Buys Shares of 14,000 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Copperwynd Financial LLC bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZIM. Janney Montgomery Scott LLC grew its stake in ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after purchasing an additional 915 shares during the last quarter. GSA Capital Partners LLP purchased a new position in ZIM Integrated Shipping Services in the third quarter valued at about $363,000. Segall Bryant & Hamill LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter valued at about $2,294,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in ZIM Integrated Shipping Services by 26.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company’s stock worth $15,377,000 after acquiring an additional 126,459 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ZIM Integrated Shipping Services by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after acquiring an additional 36,692 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ZIM shares. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Barclays lowered their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.04.

ZIM Integrated Shipping Services Trading Up 1.2 %

ZIM Integrated Shipping Services stock opened at $18.19 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 1.52, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The stock has a 50-day moving average price of $19.10 and a 200 day moving average price of $20.58.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be issued a $3.17 dividend. The ex-dividend date is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a yield of 69.71%. ZIM Integrated Shipping Services’s payout ratio is presently 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.