ZIM Integrated Shipping Services Ltd. $ZIM Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 129.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,975 shares of the company's stock after buying an additional 32,138 shares during the period. Cetera Investment Advisers' holdings in ZIM Integrated Shipping Services were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd raised its position in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after buying an additional 1,300 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of ZIM Integrated Shipping Services in the first quarter valued at about $30,000. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $45,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $186,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the first quarter valued at about $146,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ZIM shares. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Finally, Jefferies Financial Group raised their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $14.82.

ZIM Integrated Shipping Services Trading Down 0.2%

Shares of ZIM traded down $0.03 during trading on Monday, reaching $16.28. 1,849,229 shares of the company traded hands, compared to its average volume of 6,167,811. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock has a market cap of $1.96 billion, a PE ratio of 0.83, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75. The stock has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $16.74. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results 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. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business earned $0.75 earnings per share. On average, analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 9th. Shareholders 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 currently 4.76%.

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.