Virtu Financial LLC Buys New Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Virtu Financial LLC bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,784 shares of the company's stock, valued at approximately $893,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its stake in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock valued at $43,000 after acquiring an additional 1,850 shares in the last quarter. American Capital Advisory LLC acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $69,000. Finally, Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Up 0.4 %

ZIM Integrated Shipping Services stock traded up $0.08 during trading on Friday, hitting $19.88. The company had a trading volume of 3,876,744 shares, compared to its average volume of 8,747,575. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 1.66, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 1-year low of $7.71 and a 1-year high of $30.15. The company's 50 day simple moving average is $22.39 and its 200-day simple moving average is $20.72.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 56.54%. ZIM Integrated Shipping Services's dividend payout ratio is presently 9.72%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZIM. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Jefferies Financial Group reiterated a "hold" rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Bank of America raised their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research report on Wednesday, August 28th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a research report on Monday, November 25th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus price target of $15.74.

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.