Bridgefront Capital LLC Invests $239,000 in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Bridgefront Capital LLC bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,178 shares of the company’s stock, valued at approximately $239,000.

Other large investors have also recently bought and sold shares of the company. PDT Partners LLC lifted its position in shares of ZIM Integrated Shipping Services by 4.2% in the first quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock valued at $364,000 after acquiring an additional 200 shares in the last quarter. Equitable Holdings Inc. lifted its holdings in ZIM Integrated Shipping Services by 5.7% in the 1st quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock valued at $521,000 after purchasing an additional 385 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of ZIM Integrated Shipping Services by 92.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company’s stock worth $33,000 after purchasing an additional 676 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in shares of ZIM Integrated Shipping Services by 1.6% during the third quarter. Hennessy Advisors Inc. now owns 45,500 shares of the company’s stock worth $1,069,000 after buying an additional 700 shares in the last quarter. Finally, Paradiem LLC raised its position in shares of ZIM Integrated Shipping Services by 8.1% in the third quarter. Paradiem LLC now owns 9,937 shares of the company’s stock valued at $234,000 after buying an additional 746 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

ZIM has been the topic of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Monday. JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $17.60 to $30.40 in a research report on Friday, February 17th. Finally, Barclays downgraded ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $26.50 to $15.00 in a research report on Monday, February 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.08.

ZIM Integrated Shipping Services Trading Up 1.9 %

Shares of ZIM opened at $24.53 on Friday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $16.23 and a twelve month high of $91.23. The firm has a market capitalization of $2.95 billion, a P/E ratio of 0.64 and a beta of 2.19. The company has a current ratio of 1.60, a quick ratio of 1.50 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $20.65 and its 200 day simple moving average is $22.94.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last released its quarterly earnings data on Monday, March 13th. The company reported $3.44 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $1.18. ZIM Integrated Shipping Services had a return on equity of 87.07% and a net margin of 36.77%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $14.17 EPS. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post -1.57 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 24th will be given a dividend of $6.40 per share. This represents a $25.60 dividend on an annualized basis and a yield of 104.36%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. The ex-dividend date of this dividend is Tuesday, April 4th. ZIM Integrated Shipping Services’s payout ratio is 30.76%.

About ZIM Integrated Shipping Services

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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.