Valeo Financial Advisors LLC Invests $385,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Valeo Financial Advisors LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $385,000.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after buying an additional 2,181,000 shares during the period. Marshall Wace LLP boosted its stake in shares of ZIM Integrated Shipping Services by 638.6% in the 2nd quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock worth $53,148,000 after buying an additional 2,072,715 shares during the last quarter. American Century Companies Inc. boosted its position in ZIM Integrated Shipping Services by 7.8% in the second quarter. American Century Companies Inc. now owns 1,759,141 shares of the company’s stock worth $39,000,000 after purchasing an additional 127,229 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in ZIM Integrated Shipping Services during the second quarter valued at about $14,383,000. Finally, Millennium Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 306.7% during the 2nd quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock worth $9,440,000 after purchasing an additional 321,100 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of recent research reports. Jefferies Financial Group cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday, October 2nd. 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. Barclays lifted their price target on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Finally, Bank of America upped their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.44.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $21.18 on Tuesday. The firm has a market cap of $2.55 billion, a P/E ratio of -1.00, a PEG ratio of 0.03 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. ZIM Integrated Shipping Services Ltd. has a twelve month low of $6.39 and a twelve month high of $26.20. The company has a 50 day moving average of $19.85 and a 200 day moving average of $18.03.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted ($1.37) EPS. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 11.22 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 17.56%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services’s payout ratio is presently -4.35%.

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.