Entropy Technologies LP Has $1.58 Million Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Entropy Technologies LP lifted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 55.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,553 shares of the company’s stock after buying an additional 22,009 shares during the quarter. Entropy Technologies LP owned about 0.05% of ZIM Integrated Shipping Services worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ZIM. Oppenheimer & Co. Inc. acquired a new stake in ZIM Integrated Shipping Services in the first quarter worth $310,000. Russell Investments Group Ltd. increased its position in ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after buying an additional 5,667 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in ZIM Integrated Shipping Services by 81.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock worth $956,000 after buying an additional 40,326 shares during the period. Axxcess Wealth Management LLC bought a new position in ZIM Integrated Shipping Services in the first quarter worth approximately $546,000. Finally, California State Teachers Retirement System grew its stake in ZIM Integrated Shipping Services by 2.4% in the first quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock valued at $1,060,000 after acquiring an additional 2,423 shares during the period. Institutional investors own 21.42% of the company’s stock.

Analyst Ratings Changes

ZIM has been the topic of a number of research reports. Jefferies Financial Group lowered ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Bank of America lifted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $15.22.

ZIM Integrated Shipping Services Trading Up 1.5 %

Shares of ZIM stock opened at $24.17 on Wednesday. ZIM Integrated Shipping Services Ltd. has a one year low of $6.39 and a one year high of $26.20. The firm has a 50-day moving average of $21.31 and a 200-day moving average of $19.80. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.07 by $1.01. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same quarter last year, the business posted ($1.37) EPS. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 12.11 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.72 annualized dividend and a yield of 15.39%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. ZIM Integrated Shipping Services’s payout ratio is currently -1.41%.

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.