SG Americas Securities LLC Acquires 317,684 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

SG Americas Securities LLC boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 1,226.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 343,581 shares of the company's stock after purchasing an additional 317,684 shares during the period. SG Americas Securities LLC owned about 0.29% of ZIM Integrated Shipping Services worth $8,816,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ZIM. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after acquiring an additional 1,850 shares in the last quarter. Scarborough Advisors LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter valued at $58,000. Russell Investments Group Ltd. boosted its stake in ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. Mather Group LLC. bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $96,000. Finally, Cetera Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the first quarter valued at $130,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Trading Down 12.6 %

NYSE ZIM traded down $2.72 during trading on Friday, reaching $18.95. 21,485,988 shares of the stock traded hands, compared to its average volume of 6,173,578. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $26.20. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -0.90, a price-to-earnings-growth ratio of 0.05 and a beta of 1.86. The stock's 50-day moving average price is $19.81 and its 200 day moving average price is $17.57.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted 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. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the firm earned ($1.37) earnings per share. Analysts predict that ZIM Integrated Shipping Services Ltd. will post 10.87 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.93 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a yield of 19.63%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is -4.35%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Jefferies Financial Group lowered shares of 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. Bank of America raised their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Finally, Barclays upped their price objective on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the stock an "underweight" rating in a report on Friday, August 23rd. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $15.44.

ZIM Integrated Shipping Services Profile

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.