Cetera Investment Advisers Acquires 32,138 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

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

A number of other institutional investors have also recently modified their holdings of ZIM. New York State Common Retirement Fund bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $30,000. Altshuler Shaham Ltd lifted its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $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 bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $161,000. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Down 3.8%

NYSE:ZIM traded down $0.64 on Friday, hitting $16.32. The stock had a trading volume of 4,741,704 shares, compared to its average volume of 4,838,698. The business's fifty day moving average is $16.32 and its 200 day moving average is $16.74. The company has a market cap of $1.96 billion, a PE ratio of 0.84, a P/E/G ratio of 0.22 and a beta of 1.75. 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 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 announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays boosted their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday, June 27th. Jefferies Financial Group upped their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, Clarkson Capital lowered 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 report on Tuesday, May 20th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to MarketBeat.com, ZIM Integrated Shipping Services has an average rating of "Reduce" and an average 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.