27,028 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 27,028 shares of the company's stock, valued at approximately $394,000.

A number of other hedge funds have also added to or reduced their stakes in ZIM. New York State Common Retirement Fund purchased a new position in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $30,000. Altshuler Shaham Ltd raised its position in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth $45,000. Miracle Mile Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $146,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $161,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded down $0.43 during mid-day trading on Friday, reaching $15.50. The company's stock had a trading volume of 3,313,584 shares, compared to its average volume of 6,096,588. 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. The stock has a fifty day moving average of $16.35 and a two-hundred day moving average of $16.75. The firm has a market capitalization of $1.87 billion, a PE ratio of 0.79, a P/E/G ratio of 0.21 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

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

Analysts Set New Price Targets

ZIM has been the topic of several analyst reports. Barclays lifted their target price on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research report on Friday, June 27th. Bank of America lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group increased their target price on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday, May 20th. Finally, Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Reduce" and an average target price of $14.82.

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.