FNY Investment Advisers LLC grew its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 1,863.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,200 shares of the company's stock after purchasing an additional 141,600 shares during the period. ZIM Integrated Shipping Services makes up approximately 1.3% of FNY Investment Advisers LLC's holdings, making the stock its 14th largest holding. FNY Investment Advisers LLC owned approximately 0.12% of ZIM Integrated Shipping Services worth $2,176,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of ZIM Integrated Shipping Services by 13.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company's stock valued at $783,000 after purchasing an additional 6,519 shares during the period. Regatta Capital Group LLC grew its stake in shares of ZIM Integrated Shipping Services by 7.6% in the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock valued at $214,000 after purchasing an additional 1,040 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at approximately $146,000. SeaCrest Wealth Management LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at approximately $161,000. Finally, Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $45,000. 21.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Barclays increased their price target on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Finally, Bank of America decreased their price target 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. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $14.70.
View Our Latest Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Price Performance
NYSE ZIM traded up $0.36 during trading hours on Thursday, reaching $17.76. 5,195,722 shares of the company's stock were exchanged, compared to its average volume of 6,125,779. The stock has a market cap of $2.14 billion, a PE ratio of 0.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.83. ZIM Integrated Shipping Services Ltd. has a one year low of $11.04 and a one year high of $30.15. The firm has a fifty day moving average of $16.01 and a 200-day moving average of $17.72. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion for 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 period last year, the company earned $0.75 EPS. On average, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Dividend Announcement
The company also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were given a $0.74 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's payout ratio is 4.76%.
About ZIM Integrated Shipping Services
(
Free Report)
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.
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