Value Base Ltd. Buys New Position in ZIM Integrated Shipping Services Ltd. $ZIM

Value Base Ltd. bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 62,000 shares of the company’s stock, valued at approximately $1,316,000. ZIM Integrated Shipping Services comprises about 1.0% of Value Base Ltd.’s holdings, making the stock its 7th largest position.

Other hedge funds also recently modified their holdings of the company. Fifth Lane Capital LP purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $542,000. Sierra Summit Advisors LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $854,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $3,173,000. Causeway Capital Management LLC boosted its position in shares of ZIM Integrated Shipping Services by 52.2% during the third quarter. Causeway Capital Management LLC now owns 1,082,641 shares of the company’s stock valued at $14,670,000 after buying an additional 371,277 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in shares of ZIM Integrated Shipping Services by 378,174.5% during the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after buying an additional 3,781,745 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ZIM has been the topic of several analyst reports. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and lifted their target price for the company from $11.50 to $31.80 in a research report on Thursday, February 19th. Barclays lifted their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a report on Monday, March 16th. Weiss Ratings lowered ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.83.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $25.21 on Friday. The business’s fifty day simple moving average is $26.32 and its 200 day simple moving average is $23.26. The firm has a market capitalization of $3.04 billion, a P/E ratio of 31.13 and a beta of 1.26. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $29.97. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. As a group, analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 14.0%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, March 20th. ZIM Integrated Shipping Services’s dividend payout ratio is 7.41%.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.