R Squared Ltd Invests $88,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,090 shares of the company’s stock, valued at approximately $88,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairman Group LLC bought a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. boosted its position in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after purchasing an additional 1,850 shares during the last quarter. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $71,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $18.10 on Friday. The firm’s 50 day moving average is $19.88 and its 200 day moving average is $20.44. The stock has a market capitalization of $2.18 billion, a P/E ratio of 1.52, a PEG ratio of 0.21 and a beta of 1.77. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.08 and a 12 month high of $30.15. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 62.12%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

Analysts Set New Price Targets

ZIM has been the subject of several research reports. 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. Jefferies Financial Group reduced their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, December 17th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.