Susquehanna Fundamental Investments LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,701 shares of the company's stock, valued at approximately $2,343,000. Susquehanna Fundamental Investments LLC owned 0.09% of ZIM Integrated Shipping Services as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of ZIM. Scarborough Advisors LLC bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $58,000. Russell Investments Group Ltd. raised its stake 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 worth $61,000 after acquiring an additional 5,667 shares during the last quarter. Mather Group LLC. purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth $96,000. Cetera Advisors LLC purchased a new position in ZIM Integrated Shipping Services in the 1st quarter worth $130,000. Finally, nVerses Capital LLC purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth $142,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Trading Down 5.1 %
Shares of ZIM stock traded down $1.32 during trading on Tuesday, hitting $24.34. 6,939,016 shares of the stock traded hands, compared to its average volume of 6,084,122. The firm has a market capitalization of $2.93 billion, a P/E ratio of -1.12, a price-to-earnings-growth ratio of 0.05 and a beta of 1.83. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The firm's fifty day moving average price is $19.45 and its 200-day moving average price is $17.27. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.39 and a 52-week high of $26.20.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $1.01. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same quarter in the previous year, the company earned ($1.37) earnings per share. As a group, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 10.87 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 15.28%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. ZIM Integrated Shipping Services's dividend payout ratio is currently -4.35%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ZIM. Barclays lifted their price objective on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an "underweight" rating in a research note on Friday, August 23rd. Jefferies Financial Group reiterated a "buy" rating and set a $22.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Monday, August 19th. Bank of America lifted their price objective 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. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Citigroup cut ZIM Integrated Shipping Services from a "neutral" rating to a "sell" rating and raised their target price for the company from $11.60 to $13.00 in a research report on Thursday, June 6th. Four research analysts have rated the stock with a sell rating and one has issued a buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and a consensus price target of $14.84.
Read Our Latest Stock Report on ZIM
ZIM Integrated Shipping Services Profile
(
Free Report)
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.
Further Reading
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a "Strong Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
