MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 556,006 shares of the company's stock, valued at approximately $8,112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.46% of ZIM Integrated Shipping Services as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ZIM. Nuveen LLC purchased a new stake in ZIM Integrated Shipping Services in the 1st quarter worth $12,322,000. Point72 Asset Management L.P. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth $14,324,000. Nomura Holdings Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth $13,148,000. Nuveen Asset Management LLC lifted its stake in ZIM Integrated Shipping Services by 750.0% in the 4th quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock worth $13,437,000 after purchasing an additional 552,206 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in ZIM Integrated Shipping Services by 19.1% in the 1st quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock worth $33,269,000 after purchasing an additional 366,205 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Trading Down 0.6%
ZIM stock traded down $0.09 during mid-day trading on Tuesday, reaching $14.53. The company had a trading volume of 5,041,921 shares, compared to its average volume of 5,243,419. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. The company has a market capitalization of $1.75 billion, a PE ratio of 0.87, a price-to-earnings-growth ratio of 0.17 and a beta of 1.74. The firm has a 50 day moving average of $15.24 and a 200 day moving average of $15.89. ZIM Integrated Shipping Services Ltd. has a 12 month low of $11.03 and a 12 month high of $30.15.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The company 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%. On average, equities analysts predict 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services's dividend payout ratio is currently 1.44%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Clarkson Capital cut shares of 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. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the company an "underweight" rating in a research report on Friday, August 22nd. 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. Finally, Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus target price of $14.58.
Check Out Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Profile
(
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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