CWA Asset Management Group LLC Purchases Shares of 88,894 ZIM Integrated Shipping Services Ltd. $ZIM

CWA Asset Management Group LLC acquired a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 88,894 shares of the company’s stock, valued at approximately $1,205,000. CWA Asset Management Group LLC owned approximately 0.07% of ZIM Integrated Shipping Services as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ZIM. Royal Bank of Canada boosted its position in shares of ZIM Integrated Shipping Services by 8.2% during the first quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after buying an additional 3,102 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in ZIM Integrated Shipping Services during the 1st quarter worth $8,112,000. NewEdge Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $210,000. Goldman Sachs Group Inc. grew its stake in shares of ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after acquiring an additional 788,514 shares in the last quarter. Finally, Bayforest Capital Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 134.1% in the first quarter. Bayforest Capital Ltd now owns 15,011 shares of the company’s stock valued at $219,000 after purchasing an additional 8,599 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 6.4%

NYSE:ZIM opened at $22.25 on Wednesday. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $22.80. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $18.58 and its 200 day moving average is $16.18. The stock has a market capitalization of $2.68 billion, a PE ratio of 2.67 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $0.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.24 dividend on an annualized basis and a yield of 5.6%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 2.88%.

Wall Street Analyst Weigh In

ZIM has been the topic of several analyst reports. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Barclays boosted their target price on ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a research note on Friday, December 19th. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Reduce” and an average price target of $14.15.

ZIM Integrated Shipping Services Company 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.