Qsemble Capital Management LP Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Qsemble Capital Management LP purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,359 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after purchasing an additional 2,181,000 shares during the period. Marshall Wace LLP boosted its stake in 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 purchasing an additional 2,072,715 shares during the period. American Century Companies Inc. boosted its stake in ZIM Integrated Shipping Services by 7.8% in the 2nd 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 period. Charles Schwab Investment Management Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 4.5% during the 3rd 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. Finally, Encompass Capital Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $14,383,000. 21.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZIM has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $25.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Bank of America increased their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Barclays increased their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Five 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.74.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $22.11 on Thursday. The firm has a market cap of $2.66 billion, a P/E ratio of 1.85, a P/E/G ratio of 0.04 and a beta of 1.88. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 12 month low of $6.39 and a 12 month high of $30.15. The stock’s fifty day moving average price is $22.94 and its 200-day moving average price is $20.64.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a dividend of $2.81 per share. The ex-dividend date is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 50.85%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

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.