Avantax Advisory Services Inc. Purchases New Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Avantax Advisory Services Inc. bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 27,028 shares of the company's stock, valued at approximately $394,000.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in ZIM Integrated Shipping Services in the 1st quarter worth $30,000. Altshuler Shaham Ltd raised its holdings in ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares during the period. Employees Retirement System of Texas bought a new position in ZIM Integrated Shipping Services in the 4th quarter worth $45,000. Miracle Mile Advisors LLC bought a new position in ZIM Integrated Shipping Services in the 1st quarter worth $146,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth $161,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock traded down $0.43 during trading on Friday, reaching $15.50. 3,313,584 shares of the stock traded hands, compared to its average volume of 3,548,977. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 0.79, a P/E/G ratio of 0.21 and a beta of 1.75. The business has a fifty day simple moving average of $16.30 and a two-hundred day simple moving average of $16.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. ZIM Integrated Shipping Services Ltd. has a 52-week low of $11.03 and a 52-week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter last year, the business posted $0.75 earnings per share. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1,696.0%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 4.76%.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of analyst reports. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a research note on Tuesday, May 20th. Jefferies Financial Group increased their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Finally, Barclays increased their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research note on Friday, June 27th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $14.82.

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.