5 Best Shipping and Container Stocks to Buy Now

3. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Number of Hedge Fund Holders: 19

Based in Haifa, Israel, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is a leading global, asset-light container liner shipping company. It operates a fleet of close to 100 vessels, nearly all chartered-in, mostly in short-term charter arrangements which allows the company to adjust its capacity to meet changing market conditions, optimize vessel deployment, ensure high utilization of vessels, and exploit specific trade advantages.

In August, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) released its financial results for the second quarter of 2022. Its revenue increased by 44% y-o-y to $3.4 billion, while net income surged by 50% y-o-y to $1.3 billion. It generated a normalized EPS of $11.07 for the quarter, missing the consensus estimates by $2.18.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) intends to follow a dividend policy to distribute nearly 30% of the net quarterly income of first three quarters of the year to its shareholders with cumulative annual dividends representing 30-50% of annual income. In this lieu, the company declared a cash dividend of $4.75 per share for the quarter. Its shares had a dividend yield of 105.53%, as of October 17.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is among the favorite shipping stocks of hedge funds, with 19 of the 895 hedge funds tracked by Insider Monkey holding its shares valued at $479 million. Arrowstreet Capital is its biggest shareholder with ownership of 3.8 million shares valued at $178 million.