Kingswood Wealth Advisors LLC bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,248 shares of the company's stock, valued at approximately $342,000.
Several other large investors have also bought and sold shares of the company. Autumn Glory Partners LLC grew its stake in shares of ZIM Integrated Shipping Services by 6.0% in the second quarter. Autumn Glory Partners LLC now owns 35,500 shares of the company's stock worth $571,000 after acquiring an additional 2,000 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the second quarter worth approximately $172,000. Public Employees Retirement System of Ohio grew its stake in shares of ZIM Integrated Shipping Services by 19.7% in the second quarter. Public Employees Retirement System of Ohio now owns 94,300 shares of the company's stock worth $1,517,000 after acquiring an additional 15,500 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of ZIM Integrated Shipping Services in the second quarter worth approximately $416,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services in the second quarter worth approximately $161,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on ZIM shares. Weiss Ratings reiterated a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research note on Thursday, August 28th. Jefferies Financial Group restated a "hold" rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an "underweight" rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Strong Sell" and a consensus target price of $14.62.
Check Out Our Latest Stock Analysis on ZIM
ZIM Integrated Shipping Services Stock Performance
ZIM opened at $12.42 on Friday. The firm has a market cap of $1.49 billion, a P/E ratio of 0.75, a PEG ratio of 0.13 and a beta of 1.72. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a 50 day simple moving average of $14.52 and a two-hundred day simple moving average of $15.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services's dividend payout ratio is presently 1.44%.
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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