Inspire Investing LLC Buys Shares of 44,699 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Inspire Investing LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,699 shares of the company’s stock, valued at approximately $960,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after buying an additional 385,562 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth approximately $2,612,000. Blueshift Asset Management LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $620,000. Finally, Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 3.3 %

NYSE ZIM opened at $17.07 on Friday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 1.43, a PEG ratio of 0.21 and a beta of 1.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services Ltd. has a one year low of $9.08 and a one year high of $30.15. The company’s 50 day moving average price is $20.79 and its 200 day moving average price is $20.49.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a dividend yield of 65.85%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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%.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of research analyst reports. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Jefferies Financial Group decreased their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock 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 research report on Friday, November 22nd. Finally, Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $15.04.

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.