Counterpoint Mutual Funds LLC Increases Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Counterpoint Mutual Funds LLC grew its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,472 shares of the company’s stock after purchasing an additional 25,555 shares during the period. ZIM Integrated Shipping Services comprises about 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 27th biggest position. Counterpoint Mutual Funds LLC owned about 0.07% of ZIM Integrated Shipping Services worth $1,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZIM. GSA Capital Partners LLP purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $363,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth $2,294,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 valued at $15,377,000 after acquiring an additional 126,459 shares in the last quarter. 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 valued at $22,079,000 after purchasing an additional 36,692 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $548,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $18.19 on Monday. The company has a fifty day moving average of $19.10 and a two-hundred day moving average of $20.59. The company has a market capitalization of $2.19 billion, a PE ratio of 1.52, a P/E/G ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 69.71%. ZIM Integrated Shipping Services’s dividend payout ratio is 6.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZIM. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average price target of $14.04.

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.