17,274 Shares in ZIM Integrated Shipping Services Ltd. $ZIM Acquired by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance has acquired 17,274 shares of ZIM Integrated Shipping Services, worth approximately $252,000, indicating a significant investment by this institutional investor.
• Multiple large investors have increased their stakes in ZIM, with Geode Capital Management raising its position by 8.8% and Russell Investments boosting theirs by 121.7% during the fourth quarter.
• ZIM Integrated Shipping Services reported a strong quarterly earnings performance, with an EPS of $2.45, surpassing analysts' expectations, alongside a high dividend yield of 1,696.0%.

Independent Advisor Alliance bought a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,274 shares of the company's stock, valued at approximately $252,000.

Several other large investors also recently modified their holdings of ZIM. Geode Capital Management LLC lifted its position in shares of ZIM Integrated Shipping Services by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 95,839 shares of the company's stock worth $2,058,000 after purchasing an additional 7,753 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in ZIM Integrated Shipping Services by 121.7% in the fourth quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company's stock worth $270,000 after acquiring an additional 6,913 shares during the last quarter. Invesco Ltd. lifted its holdings in ZIM Integrated Shipping Services by 0.9% in the fourth quarter. Invesco Ltd. now owns 462,507 shares of the company's stock worth $9,930,000 after acquiring an additional 4,201 shares during the last quarter. Legal & General Group Plc lifted its holdings in ZIM Integrated Shipping Services by 20.2% in the fourth quarter. Legal & General Group Plc now owns 216,393 shares of the company's stock worth $4,646,000 after acquiring an additional 36,342 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $365,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded down $0.6040 during mid-day trading on Tuesday, hitting $15.5660. The company's stock had a trading volume of 9,551,358 shares, compared to its average volume of 6,210,457. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.87 billion, a P/E ratio of 0.80, a P/E/G ratio of 0.22 and a beta of 1.75. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock's fifty day moving average price is $16.30 and its two-hundred day moving average price is $16.72.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted 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. 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 net margin of 26.52% and a return on equity of 63.46%. During the same quarter in the previous year, the business posted $0.75 earnings per share. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently declared 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 1,696.0%. ZIM Integrated Shipping Services's payout ratio is 4.76%.

Analyst Upgrades and Downgrades

ZIM has been the topic of a number of recent research reports. Barclays raised their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday, June 27th. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Jefferies Financial Group raised their price objective on shares of 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. Finally, Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a research note on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Sell" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Company 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.