Virtu Financial LLC Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Key Points

• Virtu Financial LLC acquired a stake in ZIM Integrated Shipping Services, purchasing 87,807 shares valued at approximately $1.281 million, bringing their total ownership to 0.07% as of their latest SEC filing.
• ZIM's stock has recently seen a price target shift, with Barclays increasing their target from $14.20 to $14.80 while Jefferies raised theirs from $16.00 to $17.00, reflecting mixed analyst sentiments towards the company.
• The company reported strong earnings, with an EPS of $2.45 for the last quarter, significantly exceeding analysts' expectations of $1.89, and announced a substantial dividend yield of 1,696%.

Virtu Financial LLC purchased a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 87,807 shares of the company's stock, valued at approximately $1,281,000. Virtu Financial LLC owned approximately 0.07% of ZIM Integrated Shipping Services as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ZIM. New York State Common Retirement Fund bought a new stake in ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,000. Altshuler Shaham Ltd grew its position in ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the last quarter. Employees Retirement System of Texas bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Miracle Mile Advisors LLC bought a new stake in ZIM Integrated Shipping Services during the 1st quarter worth approximately $146,000. Finally, TD Asset Management Inc bought a new position in ZIM Integrated Shipping Services in the 1st quarter valued at $155,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Up 0.5%

NYSE ZIM traded up $0.08 during trading hours on Wednesday, hitting $17.42. The company's stock had a trading volume of 4,833,340 shares, compared to its average volume of 4,750,060. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.03 and a 52 week high of $30.15. The company has a market capitalization of $2.10 billion, a PE ratio of 0.89, a price-to-earnings-growth ratio of 0.23 and a beta of 1.75. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The company's 50-day simple moving average is $16.35 and its two-hundred day simple moving average is $16.76.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the firm earned $0.75 EPS. Research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1,696.0%. ZIM Integrated Shipping Services's payout ratio is presently 4.76%.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent research reports. Clarkson Capital lowered 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 report on Tuesday, May 20th. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday. Jefferies Financial Group raised their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Finally, Barclays raised their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price 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.