Autumn Glory Partners LLC Takes $590,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Autumn Glory Partners LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,500 shares of the company’s stock, valued at approximately $590,000.

Several other hedge funds have also bought and sold shares of ZIM. JPMorgan Chase & Co. lifted its position in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. International Assets Investment Management LLC lifted its position in ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after purchasing an additional 385,562 shares during the last quarter. Quantbot Technologies LP lifted its position in ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $5,509,000. Finally, Verition Fund Management LLC lifted its position in ZIM Integrated Shipping Services by 2,171.6% during the third quarter. Verition Fund Management LLC now owns 208,057 shares of the company’s stock valued at $5,339,000 after purchasing an additional 198,898 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Up 2.3 %

Shares of NYSE ZIM opened at $20.13 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 firm’s fifty day moving average is $19.22 and its 200 day moving average is $20.50. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 1.69, a PEG ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $2.81 dividend. This represents a $11.24 annualized dividend and a dividend yield of 55.85%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group decreased their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Finally, Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.04.

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.